{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-06T09:35:37-04:00", "answer_date": "2024-06-06 09:35:37", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2356338", "url": "\/study-help\/questions\/below-is-the-balance-sheet-for-northern-comfort-company-for-2356338", "question_creation_date_js": "2024-06-06T09:35:37-04:00", "question_creation_date": "Jun 06, 2024 09:35 AM", "meta_title": "[Solved] Below is the balance sheet for Northern C | SolutionInn", "meta_description": "Answer of - Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 Cash 2021 950 1,050 202 | SolutionInn", "meta_keywords": "below,balance,sheet,northern,comfort,company,december,31,2020,2021,cash,950", "question_title_h1": "Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 Cash 2021 950 1,050 2020 2021 Accounts payable", "question_title": "Below is the balance sheet for Northern Comfort Company for December 31", "question_title_for_js_snippet": "Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021 2020 Cash 2021 950 1,050 2020 2021 Accounts payable 2,850 3,150 Accounts receivable 2,850 3,150 Current liabilities 2,850 3,150 Inventory Current assets 2,850 3,150 Long term debt 5,700 6,300 Net fixed assets Total assets 6,650 7,350 12,350 13,650 Total liabilities 8,550 9,450 Equity 10,450 11,550 19,000 21,000 Total liab equity 19,000 21,000 The income statement for 2021 is also given Amount Sales 50,400 Operating costs except dep 27,720 Depreciation 5,040 EBIT 17,640 Interest 5,040 Taxes Net income The company paid $8,350 in dividends to shareholders in 2021 3,150 9,450 Part 1 Attempt 1 3 for 10 pts What was the cash flow from operating activities (Use negative number for cash outflows or decrease in cash) 0 decimals Submit Part 2 Attempt 1 3 for 10 pts What was the cash flow from investing activities (Use negative number for cash outflows or decrease in cash) 0 decimals Submit Part 3 Attempt 1 3 for 10 pts What was the cash flow from financing activities (Use negative number for cash outflows or decrease in cash) 0 decimals Submit Part 4 Attempt 1 3 for 10 pts What was the net cash flow for the year (Use negative number for cash outflows or decrease in cash) 0 decimals Submit", "question_description": "\"image\"image Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 Cash 2021 950 1,050 2020 2021 Accounts payable 2,850 3,150 Accounts receivable 2,850 3,150 Current liabilities 2,850 3,150 Inventory Current assets 2,850 3,150 Long-term debt 5,700 6,300 Net fixed assets Total assets 6,650 7,350 12,350 13,650 Total liabilities 8,550 9,450 Equity 10,450 11,550 19,000 21,000 Total liab. & equity 19,000 21,000 The income statement for 2021 is also given: Amount Sales 50,400 Operating costs except dep. 27,720 Depreciation 5,040 EBIT 17,640 Interest 5,040 Taxes Net income The company paid $8,350 in dividends to shareholders in 2021. 3,150 9,450 Part 1 Attempt 1\/3 for 10 pts. What was the cash flow from operating activities? (Use negative number for cash outflows or decrease in cash) 0+ decimals Submit Part 2 Attempt 1\/3 for 10 pts. What was the cash flow from investing activities? (Use negative number for cash outflows or decrease in cash) 0+ decimals Submit Part 3 Attempt 1\/3 for 10 pts. What was the cash flow from financing activities? (Use negative number for cash outflows or decrease in cash) 0+ decimals Submit Part 4 Attempt 1\/3 for 10 pts. What was the net cash flow for the year? (Use negative number for cash outflows or decrease in cash) 0+ decimals Submit", "transcribed_text": "", "related_book": { "title": "Contemporary Auditing Real Issues And Cases", "isbn": "0538466790, 9780538466790", "edition": "8th Edition", "authors": "Michael C. Knapp", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/632d67b8674dd_16522.jpg", "uri": "\/textbooks\/contemporary-auditing-real-issues-and-cases-8th-edition-9780538466790", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8865841951", "uri": "\/textbooks\/understanding-edge-computing-1st-edition-979-8865841951-336989", "name": "Understanding Edge Computing", "edition": "1st Edition" }, "question_posted": "2024-06-06 09:35:37", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/an-analyst-must-decide-between-two-different-forecasting-techniques-for", "description": "An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. 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