Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me with this Q Net Income 100,000 Depreciation 35,000 Gain on sale of equipment 5,000 Increase in invenontories 3,000 Decrease in accounts payable
please help me with this Q
Net Income 100,000 Depreciation 35,000 Gain on sale of equipment 5,000 Increase in invenontories 3,000 Decrease in accounts payable 1,500 Decrease in prepaid insurance 2,300 Increase in salaries payable 1,400 Short-term debt repayments 15,000 Proceeds from issuance of debt 45,000 Common stock issued 30,000 Common stock cash dividends paid 18,000 Additions to property and equipment 60,000 Purchases of investments 14,000 Sales of investments 7,000 Calculate: 1) Net Cash flows fromp operating activities? 2) Net Cash flows fromp investing activities? 3) Net Cash flows fromp financing activities? 4) Net change in cashStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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