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Question 9 2 pts At the end of 2019, Seinfeld Inc. had $55 million in cash. During 2020, the following events occurred: Net Income of
Question 9 2 pts At the end of 2019, Seinfeld Inc. had $55 million in cash. During 2020, the following events occurred: Net Income of $177 million. Accruals increased by $2 million. Depreciation and amortization totaled $9 million. A/R increased by $12 million Inventories increased by $7 million. Seinfeld issued $225 million in common stock. Seinfeld's notes payable decreased by $77 million. Seinfeld purchased fixed assets totaling $200 million. How much cash did Seinfeld Inc. have at the end of 2020? Edit View Insert Format Tools Table 12pt v Paragraph v B I U Avar Tv Select information for Newman Inc. is as follows: 2018 2019 NI $555,000 $545,000 Depreciation Exp. 85,000 90,000 Calculate Newman's Cash Flow from Operating Activities for 2019. Dividends 450,000 500,000 Accounts Receivable 1,980,000 2,200,000 Inventory 3,050,000 2,700,000 Accts. Payable & Accruals 405,000 500,000 Long-Term Debt 2,100,000 2,800,000 Common Stock 2,200,000 2,500,000 Retained Earnings 6,150,000 6,250,000
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