In 2023, Active Lifestyle Inc. purchased $4, 364, 000 of new plant & equipment, resulting in $4, 364, 000 in cash flows from investing activities. During the year, it raised $5,000,000 by issuing bonds. The balance in the firm's cash account was $1,615,000 at the beginning of 2023 and $1, 742,000 at the end of the year. How much cash was generated by Active Lifestyle Inc.'s operating activities in 2023? Set up a basic statement of cash flows for Active Lifestyle Inc. to illustrate and explain your calculation.

In 2023, Active Lifestyle Inc. purchased $4, 364, 000 of new plant & equipment, resulting in $4, 364, 000 in cash flows from investing activities. During the year, it raised $5,000,000 by issuing bonds. The balance in the firm's cash account was $1,615,000 at the beginning of 2023 and $1, 742,000 at the end of the year. How much cash was generated by Active Lifestyle Inc.'s operating activities in 2023? Set up a basic statement of cash flows for Active Lifestyle Inc. to illustrate and explain your calculation.

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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