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Using the following information for 2019, calculate the net cash provided by (used for) Operating Activities for 12/31/19. Remember to add/subtract based on the effect
- Using the following information for 2019, calculate the net cash provided by (used for) Operating Activities for 12/31/19. Remember to add/subtract based on the effect the item has on cash.
- Net Income $125,000 (should tie to your Income Statement)
- Depreciation Expense $10,000
- Decrease in Inventory $15,000
- Increase in Accounts Receivable $4,000
- Increase in Wages Payable $12,000
- Decrease in Accounts Payable $43,000
- Using the following information for 2019, calculate the net cash provided by (used for) Investing Activities for 12/31/19. Remember to add/subtract based on the effect the item has on cash.
- Purchase of Building $136,000
- Purchase of Equipment $5,000
- Purchase of Land $90,000
- Proceeds from Sale of Computers $5,000
- Proceeds from Sale of Vehicles $7,000
- Using the following information for 2019, calculate the net cash provided by (used for) Financing Activities for 12/31/19. Remember to add/subtract based on the effect the item has on cash.
- Proceeds from Issuance of Long-Term Debt $125,000
- Proceeds from Issuance of Common Stock $35,000
- Proceeds from Issuance of Preferred Stock $11,000
- Purchase of Treasury Stock $7,000
- Payment of Dividends $55,000
- Using the information from problems 1-2-3, prepare a Statement of Cash Flows in proper format if beginning cash on 1/1/19 was $7,000.
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