Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The data in the table below come from the XYZ Company financial statements for 2019 and 2020 (all amounts are in dollars). The balance sheet

image text in transcribed

image text in transcribed

image text in transcribed

The data in the table below come from the XYZ Company financial statements for 2019 and 2020 (all amounts are in dollars). The balance sheet accounts listed in the table are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. Using this data, net cash flows from financing activities in 2020 was $ Item Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (exd. depr.) Retained earnings Sales Taxes 2019 17,200 17,900 10,420 18,000 25,200 4,000 75,820 5,000 10,000 10,390 15,120 104,850 8,800 46,980 84,800 161,000 6,600 2020 16,600 ??? 11,420 19,400 23,420 5,000 82,960 8,800 12,000 10,780 16,900 123,840 7,800 51,480 96,400 179,600 8,200 1) 1,380 2) -1,380 O 3) 500 4) O 5)-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

Carbon Markets Or Climate Finance?

Authors: Axel Michaelowa

1st Edition

0415743435, 978-0415743433

More Books

Students also viewed these Finance questions