The statement of cash flows for Steele Corporation shows that cash provided by operating activities was...
The statement of cash flows for Steele Corporation shows that cash provided by operating activities was $10,000, cash used in investing activities was $110,000, and cash provided by financing activities was $130,000 provide a brief discussion interpreting these financial facts.
provide a brief discussion interpreting these financial facts.
Homework Answers
Please find below the solution.
Cash from operating activities:
Steele Corporation shows that cash provided by operating activities was $10,000 which means that company is able to generate positive cash flow from its operation- Which is good sign.
Cash flow from investing activities:
Company has used cash of $110000 for investing activities. These cash has been invested for the expansion plan of the firm.
Cash flow from financing activities:
Firm has raised cash of $130000 from financing activities. Which meand that Steele corporation has raised either debt of equity to fund its investment activities.
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The statement of cash flows for Steele Corporation shows that
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The statement of cash flows shows the following information Cash provided by operating activities of $17,800 Cash used by Investing activities of $7,100 Cash ,600 used by financing activities of The beginning cash was $16,300. What is the amount of cash at the end of the perlod? Multiple Cholce $34.100 $7,200. $42,800. $25,400.
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