Question
Prepare a statement of cash flows for 2010 using the below data. Assume there were no changes in any other asset or liability accounts. The
Prepare a statement of cash flows for 2010 using the below data.
Assume there were no changes in any other asset or liability accounts.
The ending cash balance for 2009 was $100.
Make sure to identify Operating, Investing and Financing activities.
Marlett Company Financial Information
Dec. 2009 | Dec 2010 | |
Net Income | $2,000 | $4,000 |
Accounts Receivable | $750 | $1,250 |
Accumulated Depreciation | $1,000 | $1,400 |
Common Stock | $4,500 | $5,500 |
Paid in Capital | $7,500 | $8,500 |
Retained Earnings | $1,500 | $3,500 |
Accounts Payable | $750 | $950 |
Marlett Company Statement of Cash Flows |
Change In Cash | |
Begining Cash Balance | |
Ending Cash Balance |
Click to select your answer(s).
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