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Answer will rate great Balance Sheet, Net Income, and Cash Flows Financial information related to Abby's Interiors for October and November of 2016 is as
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Balance Sheet, Net Income, and Cash Flows Financial information related to Abby's Interiors for October and November of 2016 is as follows: October 31, 2016 November 30, 20Y6 Notes payable $206,000 $260,000 Land 493,000 565,000 Common stock 80,000 92,000 Retained earnings ? ? Cash 47,000 167,000 b. Determine the amount of net income for November, assuming that dividends of $9,000 were paid. 135,000 c. Determine the net cash flows from operating activities for November. 93,000 X d. Determine the net cash flows from investing activities for November. 72,000 e. Determine the net cash flows from financing activities for November. 21,000 X f. Determine the net increase or decrease in cash for November. 120,000Step by Step Solution
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