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questions are within the photo. thank you! ficame Staremencs 1. Based on the comparative balance sheets and comparative income statements, construct a statement of cash
questions are within the photo. thank you!
ficame Staremencs 1. Based on the comparative balance sheets and comparative income statements, construct a statement of cash flows. Statement of Cash Flows for 2021 Operaning Aerivities Net Income Ndjustment: Nee-cash adjustments Nccumulated depreciation Changes in working capital Change in accounts receivable Change in inventorics Changs in accounts payable Change in accruals Net cash provided by Operating Activities Lang-Jerw bevestmot Activisis Cash wod to acgatec fixed ansets Finamering derivisies Change in leagsenm debt Chusge i= ccermon stock Change in paid-in capital Payment of eash dividends Net canh provided by Firtathing Activities Sumunary Net change in cash Cash at becanaing of year Cash at crat of year 2. Refer to the Statement of Cash Flows above. Was Net Income a source or use of funds? Was Paymeat of Cash Dividends a source or use of funds? What effect did these two have on Retained Earnings? 3. Refer to the Statement of Cash Flows above. Was "Cash Used to Acquire Fixed Assets" a source or use of funds? Was "Change in Long-Term Debt" a source or use of funds? How would yon internret these two chaneres when taken toether Step by Step Solution
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