Question
Given the following information for 2020 and 2021, derive the ending cash flow for 2021. Ending cash for 2020 of 1675 2021 decrease in accounts
Given the following information for 2020 and 2021, derive the ending cash flow for 2021.
Ending cash for 2020 of 1675
2021 decrease in accounts payable of 25
2021 increase in gross fixed assets of 120
2021 increase in long-term debt of 90
2021 increase in inventory of 70
2021 net income of 350
2021 depreciation expense of 85
2021 dividend payment of 100
2021 increase in accounts receivable of 120
2021 increase in common stock of 100
1. Find change in cash from operating activities.
2. Find change in cash from investing activities.
3. Find change in cash from financing activities.
4. Find net change in cash.
5. Find 2021 ending cash.
please show work and explanation of all questions
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started