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On its 2011 income statement, Thomson inc. reported a net income of $1440 and on its 2012 income statement the company reported net income of
On its 2011 income statement, Thomson inc. reported a net income of $1440 and on its 2012 income statement the company reported net income of $2340. Based on this information and the following chart, compute NET CASH FLOWS FROM INVESTING ACTIVITIES
Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Current liabilities Long-term debt Common stock Additional paid in capital Retained earnings Total liabilities and equity 2011 200 800 3600 22,000 (12,000) 10,000 14,600 100 400 300 800 1,600 1,200 2,100 8,600 1,100 14,600 2012 100 1,400 3.100 4,600 31,000 14,000) 17,000 21,600 600 200 1,400 2,200 2,800 3,400 11,900 1,300 21,600Step by Step Solution
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