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The following information should be used to according to the provisions of GAAP (Statement of Cash flows) and using the following data. Net income $50,000
The following information should be used to according to the provisions of GAAP (Statement of Cash flows) and using the following data. Net income $50,000 Provision for bad debts 2,000 Increase in inventory 1,000 Increase in accounts payable 2.000 Purchase of new equipment 15,000 Sale of equipment for $10,000 gain 20.000 Depreciation expense 5,000 Repurchase of common stock 10,000 Payment of dividend 4,000 Interest payment 3,000 Required a) What is net cash flow from operations, investing?, financing? Please show your work b) What is change in cash? Please show your work
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