On January 1, 2016, Moore, a fast-food company, had a balance in its Cash account of $45,800.
Question:
On January 1, 2016, Moore, a fast-food company, had a balance in its Cash account of $45,800.
During the 2016 accounting period, the company had (1) net cash inflow from operating activities of $24,800, (2) net cash outflow for investing activities of $16,000, and (3) net cash outflow from financing activities of $6,800.
Required
a. Prepare a statement of cash flows.
b. Provide a reasonable explanation as to what may have caused the net cash inflow from operating activities.
c. Provide a reasonable explanation as to what may have caused the net cash outflow from investing activities.
d. Provide a reasonable explanation as to what may have caused the net cash outflow from financing activities
Step by Step Answer:
a Moore Company Statement of Cash Flows For the Year Ended Dec...View the full answer
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
