Audrey Corporation uses the direct method to prepare its statement of cash flows. Data related to cash

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Audrey Corporation uses the direct method to prepare its statement of cash flows. Data related to cash activities for last year appears next.
Audrey Corporation uses the direct method to prepare its statement

Answer the following questions:
1. What was the net cash fl ow from operating activities for the year?
2. What was the net cash fl ow from investing activities for the year?
3. What was the net cash fl ow from fi nancing activities for the year?
4. What was the net change in cash for the year?
5. If the beginning balance of cash for the year was $350,000, what was the balance of cash at the end of the year?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Managerial Accounting

ISBN: 978-0132890540

3rd edition

Authors: Karen W. Braun, Wendy M. Tietz

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