On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account...

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On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the Year 1 accounting

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Answer 1

Answer #1

Answer:

MOORE COMPANY
Statement of Cash Flows
For the Year Ended December 31, Year 1
Cash flow from operating activities :
Net cash inflow from operating activities	35,600
Cash flow from investing activities :
Net cash outflow for investing activities	(43,000)
Cash flow from financing activities :
Net cash outflow from financing activities	(24,500)
Net Increase in cash and cash equivalents	(31,900)
Cash and cash equivalents at beginning of period	54,000
Cash and cash equivalents at end of period	22,100

Note: Amounts in () parenthesis are to be deducted

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Answer 2

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