On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account...
On January 1, Year 1, Moore, a fast-food company, had a balance
in its Cash account of $48,500. During the Year 1 accounting
period, the company had (1) net cash inflow from operating
activities of $30,600, (2) net cash outflow for investing
activities of $38,000, and (3) net cash outflow from financing
activities of $19,500.
Required
a. Prepare a statement of cash flows.
(Amounts to be deducted should be indicated with a minus
sign.)
Homework Answers
| Moore, Fast Food Company | |
| Cash Flow Statement | |
| Particulars | Amount in $ |
| Cash Flow From Operating Activities | 30,600 |
| Cash Flow From Investing Activities | (38,000) |
| Cash Flow From Financing Activities | (19,500) |
| Net Increase/(Decrease) in Cash | (26,900) |
| Cash at beginning of the year | 48,500 |
| Cash at Ending of the year | 21,600 |
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