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What is the NET CASH provided by Operating Activities(CFO)? What is the NET CASH provided by Investing Activities(CFI)? What is the NET CASH provided by
What is the NET CASH provided by Operating Activities(CFO)?
What is the NET CASH provided by Investing Activities(CFI)?
What is the NET CASH provided by Financing Activities(CFF)?
Income Statement For Year Ended December 31, 2018 $728,000 Sales... Cost of goods sold Wages expense Advertising expense Depreciation expense. Interest expense. Gain on sale of land Net loss.... $534,000 190,000 31,000 22,000 18,000 (25,000) 770,000 $ (42,000) Balance Sheets Dec. 31, 2018 Dec. 31, 2017 $ 49,000 42,000 107,000 10,000 360,000 (78,000) $490,000 $ 28,000 50,000 113,000 13,000 222,000 (56,000) $370,000 Assets Cash.... Accounts receivable Inventory... Prepaid advertising. Plant assets Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable. Interest payable Bonds payable Common stock Retained earnings Treasury stock .. Total liabilities and equity $ 31,000 $ 17,000 6,000 200,000 245,000 52,000 (30,000) $490,000 245,000 94,000 $370,000 Additional Notes: During 2018, Arctic sold land for $70,000 cash that had originally cost $45,000. Arctic also pur- chased equipment for cash, acquired treasury stock for cash, and issued bonds payable for cash in 2018. Accounts payable relate to merchandise purchasesStep by Step Solution
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