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Over the past year Company X experienced the following: raised $100,000 by issuing new common shares; had a net income of $210,000; bought $610,000 of
Over the past year Company "X" experienced the following: raised $100,000 by issuing new common shares; had a net income of $210,000; bought $610,000 of new equipment; had depreciation of $60,000; reduced inventories by $900,000; borrowed $120,000 from the bank; sold old equipment for $750,000. For the year, Company "X" raised from Operating Activities the following amount of cash: $1,110,000 $270,000 $1,170,000 ($630,000)
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