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The Gryffin Company started operations this year and reported the following information at the end of the year (i.e. ending balances after all transactions
The Gryffin Company started operations this year and reported the following information at the end of the year (i.e. ending balances after all transactions have already been recorded and summarized): Revenue $16,900 Equipment $10,500 Notes payable 2,000 Cost of Goods Sold 12,600 Cash 1,650 Payroll expense 2,400 Common stock 10,000 Inventory 850 Maintenance 750 Dividends 150 expense Question 1 2/2 pts What must have been the company's cash flows for investing activities for the year? Use a positive number to indicate an overall (i.e. net) inflow or a negative number to indicate an overall outflow. HINT (for this question as well as the next question): Given the ending balances for each account above (except Cash), certain transactions must have taken place to result in those balances; what would have those transactions been? -10,500 Question 2 0/3 pts What must have been the company's cash flows for financing activities for the year? Use a positive number to indicate an overall (i.e. net) inflow or a negative number to indicate an overall outflow. 9,850
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