Problem 2-10 Statement of Cash Flows (LG2-4) Usher Sports Shop had cash flows from investing activities of -$4,374,000 and cash flows from financing activities of -$5,885,000. The balance in the firm's cash account was $1,616,000 at the beginning of the year and $1,744,000 at year-end. Calculate Usher Sports Shop's cash flow from operations. Note: Amounts to be deducted should be indicated by a minus sign. Cash flow from operations $ 1,639,000
Problem 2-10 Statement of Cash Flows (LG2-4) Usher Sports Shop had cash flows from investing activities of -$4,374,000 and cash flows from financing activities of -$5,885,000. The balance in the firm's cash account was $1,616,000 at the beginning of the year and $1,744,000 at year-end. Calculate Usher Sports Shop's cash flow from operations. Note: Amounts to be deducted should be indicated by a minus sign. Cash flow from operations $ 1,639,000
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
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Transcribed Image Text:Problem 2-10 Statement of Cash Flows (LG2-4)
Usher Sports Shop had cash flows from investing activities of -$4,374,000 and cash flows from financing activities of -$5,885,000.
The balance in the firm's cash account was $1,616,000 at the beginning of the year and $1,744,000 at year-end.
Calculate Usher Sports Shop's cash flow from operations.
Note: Amounts to be deducted should be indicated by a minus sign.
Cash flow from operations
$
1,639,000
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