Question
2017 2018 Accounts payable 8,600 8,300 Accounts receivable 5,545 6,000 Accruals 1,210 1,710 Additional paid-in-capital 9,000 9,700 Cash 12,600 ??? Common stock at par @
2017 | 2018 | |
Accounts payable | 8,600 | 8,300 |
Accounts receivable | 5,545 | 6,000 |
Accruals | 1,210 | 1,710 |
Additional paid-in-capital | 9,000 | 9,700 |
Cash | 12,600 | ??? |
Common stock at par @ $0.20 | 2,000 | 2,500 |
Net fixed assets | 47,600 | 55,200 |
Gross fixed assets | 55,000 | ??? |
Inventory | 5,195 | 4,900 |
Long-term debt | 17,560 | 18,450 |
Notes payable | 4,400 | 3,900 |
Retained earnings | 28,170 | 33,250 |
Net income | 2,750 | 6,040 |
Depreciation expense | 2,500 | 4,400 |
What is cash flow from investing activities for 2018?
Step by Step Solution
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Step: 1
To calculate the cash flow from investing activities for 2018 we need to find the change in gross fi...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
3rd edition
9781337909402, 978-1337788281
