The cash flow statement shows that although net income was $ ,000 in 2012, Cash increased by
Question:
The cash flow statement shows that although net income was
$ ,000 in 2012, Cash increased by only $ ,000. Operating activities generated $ ,000 in cash; $ ,000 of this cash was used to pay dividends. The remaining additional cash inflow was used to acquire new PPE. The cost of the new assets was
$ ,000; $ ,000 of this cost was financed by additional borrowing, and cash was used for the remainder. From the cash inflows,
$ ,000 remained in the Cash account. This is a simple, but useful, way to tell the “cash flow story” of an organization.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: