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On January 1, Year 2, Moore, a fast-food company, had a balance in its Cash account of $38,600. During the Year 2 accounting period, the
On January 1, Year 2, Moore, a fast-food company, had a balance in its Cash account of $38,600. During the Year 2 accounting period, the company had (1) net cash inflow from operating activities of $21,600, (2) net cash outflow from investing activities of $29,000, and (3) net cash outflow from financing activities of $10,500. Required a. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)
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