Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please fond the answer for net decrese in cash On January 2, Year 1, Moore, a fast-food company, had a balance in its Cash account
please fond the answer for "net decrese in cash"
On January 2, Year 1, Moore, a fast-food company, had a balance in its Cash account of $40,800. During the Year 2 accounting period, the company had (1) net cash inflow from operating activities of $23,600, (2) net cash outflow from investing activities of $31000, and (3) net cash outflow from financing activities of $12,500 Required a. Prepare a statement of cash Mows (Cash outflows should be indicated with a minus sign.) $ 23,600 MOORE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities Net cash inflow from operating activities Cash flows from investing activities: Net cash outflow from investing activities Cash flows from financing activities Net cash outflow from financing activities Net decrease in cash Plus Beginning cash balance Ending cash balance (31,000) (12,500) 40.800 40.800 $ Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started