The N Company's cash balance at December 31, Year B was $150,000. The following information was reported on the company statement of cash flows for Year (N-2). Net Income - 360,000 Depreciation and amortization - 110,000 Increase in accounts receivable - 58,000 Increase in inventory - 120,000 Decrease in accounts payable - 40,000 Divideneds paid to shareholders - 25,000 Proceeds from sale of common stock - 500,000 Repayment of bonds payable - 200,000 Proceeds from sale of equipment - 84,000 Purchase of land and building - 300,000.

What is the company's balance sheet of cash?

Answer rating: 100% (QA)

To determine the companys balance sheet cash balance we need to consider the changes in cash during ... View the full answer