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A firm reports the following key financial figures for the last fiscal year: Income Statement Data Net Income Depreciation Dividends (cash) 2023 $500,000.00 $80,000.00 $100,000.00 2023 2022 Balance Sheet Data Accounts Receivable Inventory $100,000.00 $75,000.00 $80,000.00 $70,000.00 Accounts Payable $80,000.00 $75,000.00 Gross Plant, Property, and Equipment $1,000,000.00 $850,000.00 Notes Payable $125,000.00 $100,000.00 Long Term Debt $2,000,000.00 $1,800,000.00 # of shares outstanding 500,000.00 500,000.00 What is the net increase in cash and marketable securities for 2023? (Refer to the Statement of Cash Flows)

A firm reports the following key financial figures for the last fiscal year: Income Statement Data Net Income Depreciation Dividends (cash) 2023 $500,000.00 $80,000.00 $100,000.00 2023 2022 Balance Sheet Data Accounts Receivable Inventory $100,000.00 $75,000.00 $80,000.00 $70,000.00 Accounts Payable $80,000.00 $75,000.00 Gross Plant, Property, and Equipment $1,000,000.00 $850,000.00 Notes Payable $125,000.00 $100,000.00 Long Term Debt $2,000,000.00 $1,800,000.00 # of shares outstanding 500,000.00 500,000.00 What is the net increase in cash and marketable securities for 2023? (Refer to the Statement of Cash Flows)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A firm reports the following key financial figures for the last fiscal year: Income Statement Data Net Income Depreciation Dividends (cash) 2023 $500,000.00 $80,000.00 $100,000.00 2023 2022 Balance Sheet Data Accounts Receivable Inventory $100,000.00 $75,000.00 $80,000.00 $70,000.00 Accounts Payable $80,000.00 $75,000.00 Gross Plant, Property, and Equipment $1,000,000.00 $850,000.00 Notes Payable $125,000.00 $100,000.00 Long Term Debt $2,000,000.00 $1,800,000.00 # of shares outstanding 500,000.00 500,000.00 What is the net increase in cash and marketable securities for 2023? (Refer to the Statement of Cash Flows)
Transcribed Image Text:A firm reports the following key financial figures for the last fiscal year: Income Statement Data Net Income Depreciation Dividends (cash) 2023 $500,000.00 $80,000.00 $100,000.00 2023 2022 Balance Sheet Data Accounts Receivable Inventory $100,000.00 $75,000.00 $80,000.00 $70,000.00 Accounts Payable $80,000.00 $75,000.00 Gross Plant, Property, and Equipment $1,000,000.00 $850,000.00 Notes Payable $125,000.00 $100,000.00 Long Term Debt $2,000,000.00 $1,800,000.00 # of shares outstanding 500,000.00 500,000.00 What is the net increase in cash and marketable securities for 2023? (Refer to the Statement of Cash Flows)
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