Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 28 (3 points) If net fixed assets in 2011 - $ 19,534, if net fixed assets in 2012 = $29,090 , if depreciation on

image text in transcribed
image text in transcribed
Question 28 (3 points) If net fixed assets in 2011 - $ 19,534, if net fixed assets in 2012 = $29,090 , if depreciation on the 2011 income statement is $636 and if depreciation on the 2012 income statement is $922, what would be Net Cash Flow from Investing Activities on the 2012 statement of cash flows (if these were the only long term account changes for the company)? Enter your answer without a dollar sign and without commas. Also, since NCF from Investing Activities is ALWAYS (in FI 3300) as cash outflow, be sure to put a negative sign before your answer with no space between the sign and the number. Your Answer: Answer If net income in 2012 $684, and if the following changes occur between 2011 and 2012, compute Net Cash Flow from Operating Activities for 2012: Accounts receivable change from $386 to $268 Gross fixed assets change from $1324 to $1651 Accruals change from $367 to $234 Inventory changes from $149 to $393 Retained earnings changes from $8243 to $8321 Accounts payable change from $388 to $123 Accumulated depreciation changes from ($400) to ($500)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Institutions Management

Authors: Marcia Cornett, Anthony Saunders

1st Edition

0256253676, 9780256253672

More Books

Students also viewed these Finance questions