The following are the company's account in order to prepare the SCF:

Net Income: 200,000

Depreciation Expense: 25,000

Gain on Sale of Property and Equipment: 100,000

Decrease in the Trade and other Receivables:  70,000

Purchase of Property and Equipment" 200,000

Payment of Loan from bank: 150,000

Answer the following by preparing CFS above

a.    Compute the cash generated/used in the financing activities

b.    Compute the net change in cash for the year

c.     What is the ending balance of a cash account for the year?

Answer rating: 100% (QA)

a Cash generatedused in financing activities 150000 payment ... View the full answer