Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Multiple Choice Question 84 Thunderbird Amusement Park-Balance Sheet as of June Assets 2007 2008 Cash Accounts receivables Inventory Total current assets Fixed assets Less: Accumulated
Multiple Choice Question 84 Thunderbird Amusement Park-Balance Sheet as of June Assets 2007 2008 Cash Accounts receivables Inventory Total current assets Fixed assets Less: Accumulated depreciation Net fixed assets Total assets $ 11,729 37,909 91,617 $141,255 563,323 (100,000)(172,487) 390,836 $532,091 $13,221 31,323 77,244 $121,788 444,712 344,712 $466,500 Liabilities and Stockholders' Equity Accounts payable Notes payable Deferred taxes Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity $ 38,549 12,004 21,934 $ 72,487 78,445 125,000 190,568 $466,500 $ 42,881 16,753 16,788 $ 76,422 61,290 175,000 219,379 $532,091 The company had a net income of $248,462, and depreciation expenses were equal to $72,487 What is the firm's cash flow from financing activities? $61,656 -$182,057 -$61,656 -$66,405
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