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Homework: Chapter 1a Homework Score: 0 of 1 pt S1-13 (similar to) Save 8 of 17 (8 complete) HW Score: 45.1%, 7.67 of 17 pts
Homework: Chapter 1a Homework Score: 0 of 1 pt S1-13 (similar to) Save 8 of 17 (8 complete) HW Score: 45.1%, 7.67 of 17 pts Question Help Foros Legal Services, Inc., ended 2013 with cash of $16,000. During 2014, Foros earned net income of $65,000 and had adjustments to reconcile net income to net cash provided by operations totaling $14,000 (this is a negative amount). Foros paid $38,000 to purchase equipment during 2014. During 2014, the company paid dividends of $14,000 Prepare Foros' statement of cash flows for the year ended December 31, 2014, complete with its proper heading. (Use parentheses or a minus sign to show cash payments, cash outflows, and/or a net decrease in cash.) Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash balance, December 31, 2013 Cash balance, December 31, 2014
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