Question

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Options for requirements 1, 2, 3 a)cash from insurance b)cash from sale of investment c)cash paid dividends d) cash used for purchase of building E) depreciation f)net decrease in current assets g) net decrease in current liabilities h) net income

Option for 4 :increase or decrease
Anabel Corporation uses the indirect method to prepare its statement of cash flows. Data related to cash activities for last year is as follows: (Click the icon to view the data.) Answer the following questions: 1. What was the net cash flow from operating activities for the year? 2. What was the cash flow from (or used for) investing activities for the year? 3. What was the cash flow from or used for) financing activities for the year? 4. What was the net change in cash for the year? If the beginning balance of cash for the year was $156,000, what was the balance of cash at the end of the year? 1. Calculate the net cash flow from operating activities for the year. (If a box is not used in the statement, leave the box empty; do not select label enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash o Operating Activities: Data Table Х $ $ Net cash provided by (used for) operating activities 2. Calculate the cash flow from or used for) investing activities for the year. (If a box is not used in the statement, leave the box empty, do not select a outflows.) $ btracted orn $ Net income Dividends paid (cash) Depreciation expense Net decrease in current assets Issued new notes payable for cash Paid cash for building. Net decrease in current liabilities Sold investment for cash 92,800 50,600 19,000 21,000 31,600 277,000 5,700 100,000 Investing Activities: $ $ $ Choose from any list or enter any number in the input fields and then continue to the next question. $ Save for Later

Answer 1

Amount $ 92,800 Anabel Corporation Statement of Cash Flows for the year ended :- Particulars Amount $ Cash Flows from Operating Activities :- Net Income Adjustments to Reconcile Net Income to Net Cash Provided by operations :- Add: Depreciation expense 19,000 Changes in Current assets and Current liabilities :- Add: Net decrease in Current assets 21,000 Less: Net decrease in Current liabilities (5,700) 34,300 1,27,100 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities :- Payment for purchase of Building Receipt from sale of Investments Net Cash Provided by (Used for) Investing Activities (2,77,000) 1,00,000 (1,77,000) 31,600 (50,600) Cash Flows from Financing Activities: :- Issue of new notes payable for cash Payment for Dividends Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance at the beginning of the year Cash Balance at the end of the year (19,000) (68,900) 1,56,000 87,100 1) Cashflow from Operating activity for the year is $ 127,100/. 2) Cashflow from Investing activity for the year is - $ 177,100/. 3) Cashflow from Financing activity for the year is - $ 68,900/. 4) Net change in cash for the year is - $ 68,900/. 5) Cash balance at end of the year is $ 87,100/.