E2-6 (The statement of cash flows across time) Miller and Company began operations on January 1, 1994.
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E2-6 (The statement of cash flows across time) Miller and Company began operations on January 1, 1994. As of the end of 1996 Miller had a cash balance of $5,000. Compute the missing amounts in the following table. Describe and evaluate the company’s cash management activities in each of the three years. 1 996 1 995 1 994 Beginning cash balance $2,000 $ ? $ 0 Net cash flow from operating activities 4,000 9 • 3,000 Net cash flow from investing activities (4,000) 1,000 9 • Net cash flow from financing activities 9 • (4,000) 14,000 Ending cash balance $5,000 $2,000 $ 9,000
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