Question
1. Bessy Electronics Corp. (BCC) reported net income of $3,500,000 on its most recent income statement. Depreciation and amortization expense was $800,000. During the year,
1. Bessy Electronics Corp. (BCC) reported net income of $3,500,000 on its most recent income statement. Depreciation and amortization expense was $800,000. During the year, accounts receivable and inventory increased by $120,000 and $90,000, respectively, and accounts payable increased by $80,000. a. Based on the above information, what was the Cash Flow from Operating Activities on the firm's Statement of Cash Flows? b. Assume that cash & cash equivalents increased by $200,000 during the year. BCC also reported Cash flow from financing activities to be $2,850,000 during the year on its Statement of Cash Flows. What was the Cash flow from investing activities for BCC?
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