CMA Study Group

#CMAExam #CMAPopQuiz Barber Company has recorded the following payments for the current period.

Interest paid on bank loan $300,000
Dividends paid to Barber shareholders 200,000
Repurchase of Barber Company stock 400,000

Under U.S. GAAP, the amount to be shown in the Financing Activities Section of Barber’s Statement of Cash Flows should be https://goo.gl/JDk621

Interest paid would go in the Operating Activities section.  The last two items would be in the Financing Activities section, for a total of $600,000.

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Dan Alameda
Controller
Grants Pass OR
United States
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Original Message:
Sent: 10-07-2015 08:28 AM
From: Jenna Uszenski
Subject: #CMAPopQuiz - Q95

#CMAExam #CMAPopQuiz Barber Company has recorded the following payments for the current period.

Interest paid on bank loan $300,000
Dividends paid to Barber shareholders 200,000
Repurchase of Barber Company stock 400,000

Under U.S. GAAP, the amount to be shown in the Financing Activities Section of Barber’s Statement of Cash Flows should be https://goo.gl/JDk621

Interest paid would go in the Operating Activities section.  The last two items would be in the Financing Activities section, for a total of $600,000.

------------------------------
Dan Alameda
Controller
Grants Pass OR
United States
------------------------------


Original Message:
Sent: 10-07-2015 08:28 AM
From: Jenna Uszenski
Subject: #CMAPopQuiz - Q95

#CMAExam #CMAPopQuiz Barber Company has recorded the following payments for the current period.

Interest paid on bank loan $300,000
Dividends paid to Barber shareholders 200,000
Repurchase of Barber Company stock 400,000

Under U.S. GAAP, the amount to be shown in the Financing Activities Section of Barber’s Statement of Cash Flows should be https://goo.gl/JDk621