Question
Use the following information for the next four questions: 2017 2018 Beginning Cash Balance 20,000 50,000 Net Income 65,000.00 75,000.00 Accounts Receivable 10,000.00 6,000.00 Prepaid
Use the following information for the next four questions:
| 2017 | 2018 | |
| Beginning Cash Balance | 20,000 | 50,000 |
| Net Income | 65,000.00 | 75,000.00 |
| Accounts Receivable | 10,000.00 | 6,000.00 |
| Prepaid Insurance | 5,000.00 | 3,500.00 |
| Inventory | 20,000.00 | 24,000.00 |
| Accounts Payable | 3,000.00 | 2,000.00 |
| Unearned Revenue | 5,000.00 | 7,000.00 |
| Depreciation Expense | 25,000.00 | 20,000.00 |
| Cash Paid for Dividends | 25,000.00 | 5,000.00 |
| Cash Payment to Repay Note Payable | - | 10,000.00 |
| Cash Payment to Purchase Land | 10,000.00 | - |
| Cash Received for Sale of Equipment | - | 15,000.00 |
| Cash Received for Issuance of Stock | - | 10,000.00 |
What is the cash flow from operating activities for 2018 (use negative number for cash outflow and positive number for net cash inflow)
What is the cash flow from investing activities for 2018 (use negative number for cash outflow and positive number for net cash inflow)
What is the cash flow from financing activities for 2018 (use negative number for cash outflow and positive number for net cash inflow)
What is the ending cash balance for 2018?
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Concept Audits A Philosophical Method
Authors: Nicholas Rescher
1st Edition
1498540392, 978-1498540391
