Homework Answers
The correct answer is ($32400)
Calculation
Cash flow (used) in financing activities
= change in cash - cashflow from operating activities- cashflow from investing activities
= (12500-7500) -31500 - 5900
= ($32400)
Thus the correct answer is
Net cash used in financing activities =($32400)
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Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken...
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Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement Net cash provided by operating activities Net cash provided by investing activities Net cash flow used in financing activities Cash balance, end of year $ 17,900 5,900 (10,700) 17,600 What is the cash balance at the beginning of the year? Multiple Choice 0 $7,300 O $30,700 0 O $4,500 0 $13.100 0 Saved Net income Cash dividends paid to stockholders Cash...
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Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement Net cash provided by operating activities Net cash provided by investing activities Net cash flow used in financing activities Cash balance, end of year $ 17,900 5,900 (10,700) 17,600 What is the cash balance at the beginning of the year? Multiple Choice 0 $7,300 O $30,700 0 O $4,500 0 $13.100 0 Saved Net income Cash dividends paid to stockholders Cash...
CHENG INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities A 5 Net Income 176,700 176,700 djustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense 29,500 Loss on Disposal of Plant Assets 7,500 Increase in Accounts Receivable Increase in Inventory T -10,100 Increase in Prepaid Expenses A T -3,400 Increase in Accounts Payable ) 43,400 Decrease in Accrued Expenses Payable T -900 | © 2000-2019 John Wiley &...
value: 10.00 points Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect Method Operating activities Net income $ 42,000 Adjustments to convert net income to cash basis $ 21,200 (61,100) (25,400) Depreciation Increase in accounts receivable Increase in inventory 10,900 53,600 (11,000) Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable 5,000 (6,800) 35,200 Net cash provided by operating...
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