Question

Below are several transactions for Meyers Corporation for 2015.


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. Enter N/A if the question is not applicable to the statement.
2. Calculate net cash flows for the year.
3. Assuming the balance of cash on January 1, 2015, equals $5,400, calculate the balance of cash on December 31,2015.


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  • CreatedJuly 15, 2014
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