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Use the following information to calculate financing cash flows: Net Income/(Loss) ($4,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in inventory
Use the following information to calculate financing cash flows:
Net Income/(Loss) | ($4,000) |
Increase in accounts receivable | 5,000 |
Cost of Goods Sold | 5,000 |
Decrease in inventory | -3,000 |
Increase in equipment | 10,000 |
Increase in accounts payable | 4,000 |
Increase in bonds payable | 10,000 |
Depreciation expense | 3,000 |
Increase in Common Stock | 7,000 |
Increase/(Decrease) in retained earnings | ($5,000) |
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