Crane Beverage reported the following items in the most recent year. Net income $ 33,600 Dividends paid 4,200 Increase in accounts receivable 8,400 Increase in accounts payable 5,880 Purchase of equipment (capital expenditure) 6,720 Depreciation expense 3,360 Issue of notes payable 16,800 Prepare the statement of cash flows to net change in cash during the year. (Show amounts that decrease cash flows with either a- sign eg -15,000 or in parenthesis eg (15,000) CRANE BEVERAGE Statement of Cash Flows
Crane Beverage reported the following items in the most recent year. Net income $ 33,600 Dividends paid 4,200 Increase in accounts receivable 8,400 Increase in accounts payable 5,880 Purchase of equipment (capital expenditure) 6,720 Depreciation expense 3,360 Issue of notes payable 16,800 Prepare the statement of cash flows to net change in cash during the year. (Show amounts that decrease cash flows with either a- sign eg -15,000 or in parenthesis eg (15,000) CRANE BEVERAGE Statement of Cash Flows
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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