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On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $34,200. During the Year 1 accounting period, the
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $34,200. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $17,600, (2) net cash outflow from investing activities of $25,000, and (3) net cash outflow from financing activities of $6,500. Required: a. Prepare a statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. MOORE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Cash flows from investing activities. Cash flows from financing activities Ending cash balance
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