Complete the statement of sources and uses of cash from the following entries:           Net income $ 3,500   Dividends   900   Additions to inventory   320   Additions to receivables   350   Depreciation   290   Reduction in payables   750   Net issuance of long-term debt   500   Sale of fixed assets   260     Sources                                                                           ___________ Additions to inventory                                              ____________ Decrease in Accounts Payable Depreciation Increase in Accounts receivable   Cash from operations Additions to inventory                                               ___________ Decrease in accounts payable                                 ___________ Depreciation Increase in accounts receiveable Total Sources Uses Additions to inventory                                                     ___________ Decrease in accounts payable                                       ___________ Depreciation                                                                    ____________ Increases in accounts receiveable                               _____________ Total Uses                                                                       ____________

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

Complete the statement of sources and uses of cash from the following entries:

 

       
Net income $ 3,500  
Dividends   900  
Additions to inventory   320  
Additions to receivables   350  
Depreciation   290  
Reduction in payables   750  
Net issuance of long-term debt   500  
Sale of fixed assets   260  
 

Sources                                                                           ___________

Additions to inventory                                              ____________

Decrease in Accounts Payable

Depreciation

Increase in Accounts receivable

 

Cash from operations

Additions to inventory                                               ___________

Decrease in accounts payable                                 ___________

Depreciation

Increase in accounts receiveable

Total Sources

Uses

Additions to inventory                                                     ___________

Decrease in accounts payable                                       ___________

Depreciation                                                                    ____________

Increases in accounts receiveable                               _____________

Total Uses                                                                       ____________

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Cash Flow Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education