Complete the statement of sources and uses of cash from the following entries:Net incomeDividendsAdditions to inventory$ 2,100900180Additions to receivables210Depreciation150Reduction in payables610Net issuance of long-term debt360Sale of fixed assets120SourcesCash from operations:Total sourcesUses$0$0Total uses

1. Issued Long Term Debt: $360This represents cash received from borrowing long-term debt, which…

Answered: Complete the statement of sources and…

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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Find cashflow from Financing activities
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A draft statement of cash flows contains the following: £ i Profit before tax 22 ii Depreciation 8 iii Increase in inventories -4 iv Decrease in receivables -3 v Increase in payables -2 Net cash inflow from operating activities 21 Which Two of the following corrections needs to be made to the calculation? a. ii and v b. iv and iii c. i and ii d. iv and v
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Given the following financial statement information: $ in millions Income Statement Net Income: $578 Depreciation Expense: $50 Balance Sheet Accounts Receivable Total Inventory Dec. 31, 2022 $38 $112 Accounts Payable $85 Calculate the cash from operating activities. Dec. 31, 2023 $63 $157 $108
Betty Manufacturing Co. operates two consecutive departments, M and N and uses FIFO costing. The August 2019 production data for Department N are as follows. In process, August 1 Received from Department M In process, August 31 Normal loss 12,000 units, 1/3 incomplete 60,000 units 10,000 units, 3/5 complete 5,000 units What should be the equivalent production assuming that the normal loss occurred at the beginning? Select your answer. 54,000 53,000 55,000 56,000
B
Net cash flow from financing activities please

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