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All the answers I have got are incomplete ,I do need the financing cash flow . Thank you lle receipts from customers. All purchases of
All the answers I have got are incomplete ,I do need the financing cash flow . Thank you
lle receipts from customers. All purchases of merchandise are on credit. All debits to accounts payable result from payments for merchandise. e. Other operating expenses are cash expenses. Income taxes are cash expenses. 16-5B Preparing the statement of cash flows (indirect method) Lo GURE: Net cash inflow from operating activities $141.267 tiple Flip Inc, a sporting goods retailer, recently completed its 2017 operations. Triple Flip Inc's balance information and income statement follow Triple Filip Inc. Income Statement Triple Flip Inc. ive Balance Sheet Inf For Year Ended r 31, 2017 1,061,340 2017 2016 Cash$133,770 $70.119 72.618 88,435 . 445,410 480,396 573,300 488.040 Accounts receivable Merchandise inventory.. Prepaid expenses... 272.685 211,680 115,101 120,481 16,905 11.025 Notes payable110.250 80,850 384.993 ...106,575 91,140 Accumulated depreciation... Profit from operations 67.179 Accounts payable 2,058 Current notes payable... 65.121N 261 Common 55,860 114070 124,950 Retained earnings.... Adtional information regarding Triple Flip Inc's activities during 2017: . Loss on sale of equipment is $2,058. 2 Equipment costing $49,980 is sold for $27,489. 3. Equipment is purchased by paying cash of $37,485 and signing a long-term note payable for the balancStep by Step Solution
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