The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What is the firm's net cash flow provided by (used in) investing activities?
The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What is the firm's net cash flow provided by (used in) investing activities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Thunderbird Amusement Park-Balance Sheet as of June 30
Cash
Accounts receivables
Inventory
Total current assets
Fixed assets
Less: Accumulated depreciation
Assets
Net fixed assets
Total assets
Liabilities and Stockholders' Equity.
Accounts payable
Notes payable
Deferred taxes
Total current liabilities
Long-term debt
Common stock
$0
O $46,124
O-$46,124
2007
None of these
$ 13,221
31,323
444,712
77,244
$121,788 $141,255
$466,500
$ 38,549
12,004
21,934
(100,000) (172,487)
344,712
$72,487
78,445
Retained earnings
Total liabilities and stockholders' equity $466,500
125,000
2008
$11,729
190,568
37,909
91,617
563,323
390,836
$532,091
$42,881
16,753
16,788
$76,422
61,290
175,000
219,379
The company had a net income of $248,462, and depreciation expenses were equal to $72,487.
What is the firm's net cash flow provided by (used in) investing activities?
$532,091](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F623cb5db-b735-4456-ad36-3c9e4b8be4a5%2F3973b1c0-7658-4520-b158-63cac5730eb5%2Fvy6vw0q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Thunderbird Amusement Park-Balance Sheet as of June 30
Cash
Accounts receivables
Inventory
Total current assets
Fixed assets
Less: Accumulated depreciation
Assets
Net fixed assets
Total assets
Liabilities and Stockholders' Equity.
Accounts payable
Notes payable
Deferred taxes
Total current liabilities
Long-term debt
Common stock
$0
O $46,124
O-$46,124
2007
None of these
$ 13,221
31,323
444,712
77,244
$121,788 $141,255
$466,500
$ 38,549
12,004
21,934
(100,000) (172,487)
344,712
$72,487
78,445
Retained earnings
Total liabilities and stockholders' equity $466,500
125,000
2008
$11,729
190,568
37,909
91,617
563,323
390,836
$532,091
$42,881
16,753
16,788
$76,422
61,290
175,000
219,379
The company had a net income of $248,462, and depreciation expenses were equal to $72,487.
What is the firm's net cash flow provided by (used in) investing activities?
$532,091
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