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Facebook, Inc. Cash Flow Data for 2023: Category Amount Net Income $5,800,000 Depreciation Expense $1,300,000 Change in Accounts Payable $500,000 Change in Inventory ($700,000) Purchase
Facebook, Inc. Cash Flow Data for 2023:
Category | Amount |
Net Income | $5,800,000 |
Depreciation Expense | $1,300,000 |
Change in Accounts Payable | $500,000 |
Change in Inventory | ($700,000) |
Purchase of New Servers | $2,800,000 |
Proceeds from Issuing Stock | $1,500,000 |
Requirements:
- Prepare the Cash Flow Statement using the indirect method.
- Calculate the Net Cash provided by Operating Activities.
- Determine the Net Cash used in Investing Activities.
- Compute the Net Cash provided by Financing Activities.
- Evaluate Facebook, Inc.'s cash flow management.
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