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Show steps a) Determine the cash flow generated by the firm's assets during 2019? b) In the accounting statement of cash flows, what is the
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a) Determine the cash flow generated by the firm's assets during 2019?
b) In the accounting statement of cash flows, what is the cash flow from financing activities?
XYZ firm's accountants prepared the following financial statement for year-end 2019: XYZ Income Statement 2019 Sales Revenues $1,509 550 Cost of goods sold Admin. and selling Expenses 200 Depreciation 65 Interest paid 70 Current tax expense 212 Dividends paid $103 The Balance Sheet as December 2018 2019 Assets Cash $104 $160 Other Current Assets 1,008 1,243 Net total Fixed Assets 1,644 1,709 Total Assets $2,756 $3,112 Liabilities and Equity Account Payables $428 $389 Long-term debts 408 454 Common stock and paid-in surplus 600 640 Retained Earnings 1,320 1,629 Total Liabilities and Equity $2,756 $3,112Step by Step Solution
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