Question
Exercise 1-17A (Algo) Statement of cash flows LO 1-8 On January 1, Year 2, Moore, a fast-food company, had a balance in its Cash account
Exercise 1-17A (Algo) Statement of cash flows LO 1-8
On January 1, Year 2, Moore, a fast-food company, had a balance in its Cash account of $37,500. During the Year 2 accounting period, the company had (1) net cash inflow from operating activities of $20,600, (2) net cash outflow from investing activities of $28,000, and (3) net cash outflow from financing activities of $9,500. Required a. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)
Exercise 1-17A (Algo) Statement of cash flows LO 1-8 On January 1, Year 2, Moore, a fast-food company, had a balance in its Cash account of $37,500. During the Year 2 accounting period, the company had (1) net cash inflow from operating activities of $20,600, (2) net cash outflow from investing activities of $28,000, and (3) net cash outflow from financing activities of $9,500. Required a. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)
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The Practice Of Modern Internal Auditing
Authors: Lawrence B Sawyer
2nd Edition
0894130927, 978-0894130922
