Question
The following is selected information from Reliant Company for the fiscal years ended December 31, 2017 1. Reliant Company had net income of $682,000. 2.
The following is selected information from Reliant Company for the fiscal years ended December 31, 2017
1. Reliant Company had net income of $682,000.
2. Depreciation was $37,000
3. Interest Payable increased by $7,000
4. Purchases of plant assets were $120,000
5. Accounts receivable decreased by $34,000
6. Bonds payable issued were $50,000
7. Accounts payable increased by $18,000
8. Disposals of equipment for $86,000 resulted in a $7,400 gain
9. Prepaid expenses increased by $24,000
10. Dividends of $15,000 were paid to shareholders and
11. Cash balance on January 1, 2017 was $225,000.
Requirements:
a. What was the Net Cash Flows from/for Operating Activities?
b. What was the Net Cash Flows/for Investing Activities?
c. What was the Net Cash Flows/for Financing Activities?
d. What was the Net Increase/(Decrease) in cash?
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