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YOU should complete the wrong options.(dividens paid part and cash used for additions to property...) The table below contains data on Fincorp Inc. The balance
YOU should complete the wrong options.(dividens paid part and cash used for additions to property...)
The table below contains data on Fincorp Inc. The balance sheet items correspond to valueG at year-end 2015 and 2016while the Income statement tems correspond to revenues or expenses during the year ending In elther 2015 or 2016. All values are In thousands of dollars. $4,108 $4,288 1,788 1,880 498 335 570 Cost of goods sold Depreciation Inventories Adninistrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable 478 278 366 355 395 350 4,888 5,54 Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securrities 2,408 2,860 388 388 488 Taxes are pald In thelr entirety In the year that the tax obligation is Incurred. T Net fixed assets are fixed assets net of accumulated depreclation since the asset was Installed. Construct a statement of cash flows for Fincorp for 2016. (Negative amounts should be Indicated by a minus sign.) Answer is complete but not entirely correct. Fincorp Inc. Statement of cash flows ($ in 000s) Cash provided by operations Net income Noncash expenses Changes in working capital Change in accounts receivable Change in inventories Change in accounts payable 45) S (85) 35C Total change in working capital Cash used for operations |$ 1,155 Cash flows from investments Cash used for additions to property, plant and equipment Cash used for investments 140 Cash flows from financing activities Additions to notes payable Additions to long-term debt Dividends paid Cash used for financing activities 314 1,609 Net decrease in cash and cash equivalents The table below contains data on Fincorp Inc. The balance sheet items correspond to valueG at year-end 2015 and 2016while the Income statement tems correspond to revenues or expenses during the year ending In elther 2015 or 2016. All values are In thousands of dollars. $4,108 $4,288 1,788 1,880 498 335 570 Cost of goods sold Depreciation Inventories Adninistrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable 478 278 366 355 395 350 4,888 5,54 Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securrities 2,408 2,860 388 388 488 Taxes are pald In thelr entirety In the year that the tax obligation is Incurred. T Net fixed assets are fixed assets net of accumulated depreclation since the asset was Installed. Construct a statement of cash flows for Fincorp for 2016. (Negative amounts should be Indicated by a minus sign.) Answer is complete but not entirely correct. Fincorp Inc. Statement of cash flows ($ in 000s) Cash provided by operations Net income Noncash expenses Changes in working capital Change in accounts receivable Change in inventories Change in accounts payable 45) S (85) 35C Total change in working capital Cash used for operations |$ 1,155 Cash flows from investments Cash used for additions to property, plant and equipment Cash used for investments 140 Cash flows from financing activities Additions to notes payable Additions to long-term debt Dividends paid Cash used for financing activities 314 1,609 Net decrease in cash and cash equivalentsStep by Step Solution
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