Question

Financial information related to Abby’s Interiors for October and November of 2013 is as follows:


a. Prepare balance sheets for Abby’s Interiors as of October 31 and November 30, 2013.
b. Determine the amount of net income for November, assuming that dividends of $12,000 were paid.
c. Determine the net cash flows from operating activities for November.
d. Determine the net cash flows from investing activities for November.
e. Determine the net cash flows from financing activities for November.
f. Determine the net increase or decrease in cash forNovember.


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  • CreatedFebruary 04, 2014
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