Question
The following 2009 information relates to Raddatz, Inc.: Net Income $365,000 Depreciation Expense 96,000 Amortization of Intangible Assets 11,000 Beginning Accounts Receivable 420,000 Ending Accounts
The following 2009 information relates to Raddatz, Inc.:
Net Income | $365,000 |
Depreciation Expense | 96,000 |
Amortization of Intangible Assets | 11,000 |
Beginning Accounts Receivable | 420,000 |
Ending Accounts Receivable | 439,000 |
Beginning Inventory | 516,000 |
Ending Inventory | 560,000 |
Beginning Prepaid Expenses | 48,000 |
Ending Prepaid Expenses | 42,000 |
Beginning Accounts Payable | 119,000 |
Ending Accounts Payable | 146,000 |
Purchase of Long-Term Assets for Cash | 661,000 |
Cash from Issuance of Long-Term Debt | 200,000 |
Issuance of Stock for Cash | 160,000 |
Purchase of Treasury Stock | 63,000 |
Sale of Long-Term Investment at Cost | 39,000 |
A. How much are the net cash flows from investing activities? Is it a net source or use of cash? (3 Points) B. How much are the net cash flows from financing activities? Is it a net source or use of cash? (3 Points) (Points : 4)
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