Question

On January 1, 2016, Palmer, a fast-food company, had a balance in its Cash account of $32,000.
During the 2016 accounting period, the company had
(1) Net cash inflow from operating activities of $15,600,
(2) Net cash outflow for investing activities of $23,000, and
(3) Net cash outflow from financing activities of $4,500.
Required
a. Prepare a statement of cash flows.
b. Provide a reasonable explanation as to what may have caused the net cash inflow from operating activities.
c. Provide a reasonable explanation as to what may have caused the net cash outflow from investing activities.
d. Provide a reasonable explanation as to what may have caused the net cash outflow from financing activities.


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  • CreatedApril 20, 2015
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