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Use the following information to calculate operating and financing cash flows. Net Income/(Loss) 30,000 Decrease in accounts receivable (7,000) Cost of Goods Sold 5,000
Use the following information to calculate operating and financing cash flows. Net Income/(Loss) 30,000 Decrease in accounts receivable (7,000) Cost of Goods Sold 5,000 Increase in accrued expenses 1,000 Increase in inventory 10,000 Decrease in equipment (6,000) Decrease in accounts payable (4,000) Increase in bonds payable 8,000 Depreciation expense 7,000 Increase in common stock 5,000 Increase in retained earnings 22,000 What are operating cash flows? What are financing cash flows Round your answer to the nearest dollar (e.g. $2,000)
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