Homework Answers
Change in Cash during the year = Cash flow from operating activities + cash flow from investing activities + cash flow from financing activities
29000 = Cash flow from operating activities – 222,000 +260,000
Hence, cash flow from operating activities = -$9,000
Cash flow from operating activities = -9000
Less: Depreciation = $62000
Less: Increase in accounts payables = 14,000
Add: Increase in Current assets = 85000
Net Income = $0
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