Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. The income statement for 2016 is also given. Find the following:
1. What was cash flow from assets in 2016?
2. What was the cash flow to creditors in 2016?
3. What was the cash flow to stockholders in 2016?
Homework Answers
1. Cash flow from assets in 2016 is -8,500
2. Cash flow to creditors in 2016 is -26,400
3. Cash flow to stockholders in 2016 is 380
Note: Negative values represents cash outflow, positive values represents cash inflow
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Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016....
Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016....
Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016.
1. What was the cash flow to creditors in
2016?
2. What was the cash flow to stockholders in
2016?
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Below is the balance sheet for Southern Comfort Company for
December 31 of 2015 and 2016.
1. What was the cash flow to creditors in
2016?
2. What was the cash flow to stockholders in
2016?
Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current...
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