The following information should be used to according to the provisions flows) and using the following data. Net income Provision for bad debts Increase in inventory Increase in accounts payable Purchase of new equipment Sale of equipment for $10,000 gain $50,000 2,000 1,000 2,000 15,000 20,000
The following information should be used to according to the provisions flows) and using the following data. Net income Provision for bad debts Increase in inventory Increase in accounts payable Purchase of new equipment Sale of equipment for $10,000 gain $50,000 2,000 1,000 2,000 15,000 20,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Question 3
The following information should be used to according to the provisions of GAAP (Statement of Cas
flows) and using the following data.
Net income
Provision for bad debts
Increase in inventory
Increase in accounts payable
Purchase of new equipment
Sale of equipment for $10,000 gain
Depreciation expense
Repurchase of common stock
Payment of dividend
Interest payment
$50,000
2,000
1,000
2,000
15,000
20,000
5,000
10,000
4,000
3,000
Required
a) What is net cash flow from operations?, investing?, financing? Please show your work
b) What is change in cash? Please show your work
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