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The following table shows the beginning and ending balances for all of the current asset and liability accounts for the past year. What are the
The following table shows the beginning and ending balances for all of the current asset and liability accounts for the past year. What are the total sources and uses of cash resulting from changes in these accounts? Calculate the Cash from Operating Activities.
2008 | 2009 | ||
Cash | 400 | 320 | |
A/R | 320 | 400 | |
Inventory | 450 | 350 | |
Equipment | 200 | 250 | |
A/P | 600 | 720 | |
Accruals | 85 | 50 | |
Retained Earnings | 735 | 400 | |
Net Income | 900 | ||
Depreciation Expense | 150 |
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