Question: Based on the cash flows shown, classify each of the following cases as a growing start-up company (S), a healthy established company (E), or an
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The Buckle, Inc., operates 420 stores in 41 states, selling brand name apparel like Lucky jeans and Fossil belts and watches. Some of the items included in its 2010 statement of cash flows presented using the indirect methods are listed here. Indicate whether each item is disclosed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement or use (NA) if the item does not appear on the statement.
________ 1. Purchase of investments.
________ 2. Proceeds from issuance of stock.
________ 3. Purchase of property and equipment.
________ 4. Depreciation.
________ 5. Accounts payable (decrease).
________ 6. Inventories(increase).
ase 1 Case 2 Case 3 Cash provided by (used for) operating activities Cash provided by (used for) investing activities Cash provided by (used for) financing activities Net change in cash Cash position at beginning of year Cash position at end of year 3,000 (70,000) 75,000 8,000 2,000 10,000 $(120,000) 10,000 75,000 (35,000) 40,000 $ 5,000 $ 80,000 (40,000) (30,000) 10,000 30,000 $40,000
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