with the help of the statemnet of income attached, answer the following Did the cash flow from operations cover the dividend payment made by the firm? If the firm has generated excess cash from operations, how did the firm invest the excess cash? If not, what were the sources of cash the firm used to pay for the capital expenditures and/or dividends? Did the firm use the working capital (current asset and current liability) accounts other than cash and cash equivalents as sources of cash, or uses of cash?

Cash flow statement The cash flow statement is one of the components of the financial statement.…

Answered: the firm has generated excess cash from…

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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with the help of the statemnet of income attached, answer the following

Did the cash flow from operations cover the dividend payment made by the firm?
If the firm has generated excess cash from operations, how did the firm invest the excess cash? If not, what were the sources of cash the firm used to pay for the capital expenditures and/or dividends?
Did the firm use the working capital (current asset and current liability) accounts other than cash and cash equivalents as sources of cash, or uses of cash?

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