In 2018, Usher Sports Shop had cash flows from investing activities of $380,000 and cash flows...
In 2018, Usher Sports Shop had cash flows from investing activities of $380,000 and cash flows from financing activities of −$492,000. The balance in the firm’s cash account was $631,000 at the beginning of 2018 and $612,000 at the end of the year.
Calculate Usher Sports Shop’s cash flow from operations for 2018
Homework Answers
cash flow from operations = Closing Cash Balance - Opening Cash Balance - cash flows from investing activities - cash flows from financing activities
cash flow from operations =612000 - 631000 - 380000 - (492000)
cash flow from operations = 612000 - 631000 - 380000 + 492000
cash flow from operations = $ 93000
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