Question
NOTE: Although this problem is similar to the previous and/or next problem, some elements differ such that you must solve the answer for this problem
NOTE: Although this problem is similar to the previous and/or next problem, some elements differ such that you must solve the answer for this problem independent of your answer to any other questions.
Momber's Flooring Company
2011 2012
Cash 500 800
Accounts receivable 1,400 1,200
Inventory 3,900 4,400
Net fixed assets 8,200 8,200
Land 1,000 2,000
Total Assets 15,000 16,600
Notes payable 1,000 600
Accounts payable 3,000 2,000
Accruals 500 900
Long-term debt 3,600 5,400
Common Stock 2,500 2,200
Retained earnings 4,400 5,500
Total Liabilities and Equity 15,000 16,600
Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data:
Net income (2012) = $1,634 and Depreciation (2012) = $833
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