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Part B-- What is the firms cash flow from financing activities a. 10, 355 b. -207,057 c. -212,806 d. - 182,057 Thunderbird Amusement Park-Balance Sheet
Part B-- What is the firms cash flow from financing activities
a. 10, 355
b. -207,057
c. -212,806
d. - 182,057
Thunderbird Amusement Park-Balance Sheet as of June 30 Assets 2019 2020 Cash $ 13,221 $ 11,729 Accounts receivables 31,323 37,909 Inventory 77,244 66,617 Total current assets $121,788 $116,255 Fixed assets 444,712 563,323 Less: Accumulated depreciation (100,000) (172,487) Net fixed assets 344,712 390,836 Total assets $466,500 $507,091 Liabilities and Stockholders' Equity Accounts payable $ 38,549 $ 42,881 Notes payable 12.004 16.753 Deferred taxes 21,934 16,788 Total current liabilities $ 72,487 $ 76,422 Long-term debt 78,445 61,290 Common stock 125,000 150,000 Retained earnings 190,568 219,379 Total liabilities and stockholders' equity $466,500 $507,091 The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What is the firm's cash flow from investing activities? O $118,611 0-$201,362 O $201,362 O $118,611Step by Step Solution
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