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when I try to complete the statement of cash flows, I can't get the ending net increase in cash to match the increase in cash
when I try to complete the statement of cash flows, I can't get the ending net increase in cash to match the increase in cash from the balance sheet. please help me in doing this statement of cash flows!
Task 8: Given the fast growth of HHEC com during the year, Sophia and Francesca are concerned about the sources and uses of the company's cash. You explain to them that preparing a Statement of Cash Flows will provide answers to some of their questions In response, they give you HHEC com's Year 3 income statement and balance sheet along with some additional information and ask you to prepare HHEC com's Statement of Cash Flows for Year 3 Year 2 Year 3 Cash Accounts Receivable Invento Equipment Accumulated depreciation Accounts Payable Sales Tax Payable Notes Payable Retained Earnings Common Stock Treasury Stock Net Income Dividends Payable 25,00029,500 50,000 63 800 38,000 82.000 54,00058.300 16,400 45 000 83,000 39.000 20,000 3,000 79,000 6,000 3,000 27,000 5,400 92.200 11,000 2,000 17,50018.200 5,000 Note In Year 3 equipment with a book value of $800 was sold for $900Step by Step Solution
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