Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information to answer the next 5 questions: Odd Lot Computer Parts Credit card sales $5,000 eBay sales $1,500 Inventory purchases $12,000 General

image text in transcribed

Use the following information to answer the next 5 questions: Odd Lot Computer Parts Credit card sales $5,000 eBay sales $1,500 Inventory purchases $12,000 General and administrative $4,300 Credit card payment $9,000 Shareholder loan $3,000 Collection on accounts receivable $75,000 Online advertising $60,000 Borrowed from the bank $1,400 Order tracking software $2,500 Prepare a cash flow statement for Odd Lot Computer Parts. Organize by type. 5.) 6.) What was the operating activity cash flow? What was the investing/asset activity cash flow? What was the financing activity cash flow? 7.) 8.) What was the increase or decrease in cash for the year? 9.) How much cash does the company have at the end of the year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Ten Principles Of Investing

Authors: Wilfrid William

1st Edition

979-8857197035

More Books

Students also viewed these Finance questions

Question

Which are non projected Teaching aids in advance learning system?

Answered: 1 week ago