Question

Below are several transactions for Meyers Corporation for 2012.


Required:
1. For each transaction, determine the amount of cash flows. Indicate inflows with a “+” and outflows with a “–.”If cash is involved in the transaction, indicate whether Meyers should classify it as operating, investing, or financing in a statement of cash flows.
2. Calculate net cash flows for the year. Enter N/A if the question is not applicable to the statement.
3. Assuming the balance of cash on January 1, 2012, equals $5,000, calculate the balance of cash on December 31,2012.


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  • CreatedJuly 15, 2014
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