CP 14–8 Assume the following income statement and balance sheet information: PLEASE be descriptive and where does each answer go?
$90
2020 2019
Current assets
Cash $1,250 $1,600
Short‐term invest. 100 200
$1,350 $1,800
Liabilities
Borrowings 600 1,000
Stockholders’ equity
Common stock 200 300
Retained earnings 550 500
750 800
$1,350 $1,800
Other information: The short‐term investments are riskless and will be
converted to a known amount of cash in 60 days. Borrowings are non‐
current. No gain or loss occurred when common stock was
repurchased.
Required:
1. Calculate cash flow from operating activities.
2. Prepare the 2020 statement of changes in equity.
3. Calculate cash flow from financing activities.
4. (Appendix) Prepare a cash flow table. Show that cash effects net to
a $450 outflow
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CP 14–8 Assume the following income statement and balance sheet information: PLEASE be descriptive and where does each answer go?
Chapter 14 for business management
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