Question
The following are the cash flows for each of the independent cases. Case 1 Case 2 Case 3 Cash provided by (used for) operating activities
| The following are the cash flows for each of the independent cases. |
| Case 1 | Case 2 | Case 3 | |||||||
| Cash provided by (used for) operating activities | $ | 3,000 | $ | (120,000 | ) | $ | 80,000 | ||
| Cash provided by (used for) investing activities | (70,000 | ) | 10,000 | (40,000 | ) | ||||
| Cash provided by (used for) financing activities | 75,000 | 75,000 | (30,000 | ) | |||||
| Net change in cash | 8,000 | (35,000 | ) | 10,000 | |||||
| Cash position at beginning of year | 2,000 | 40,000 | 30,000 | ||||||
| Cash position at end of year | $ | 10,000 | $ | 5,000 | $ | 40,000 | |||
| Classify each of the following cases as a growing start-up company (S), a healthy established company (E), or an established company facing financial difficulties (F). Case1: Case2: Case3: |
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Study Guide/Workbook To Accompany Intro To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th Edition
0077243641, 978-0077243647
