Congratulations you just became Executive Director of the Assisted Living Corporation. During your interview process, you
Question:
Congratulations – you just became Executive Director of the Assisted Living Corporation. During your interview process, you were very impressed with the Board of Directors and their belief in the mission of the facility. On the first day of your new career, you decide to delve into the financial statements. What is your reaction to the cash flow statement? What does this statement "say" about the Corporation? What would your first action stepsbe?
Transcribed Image Text:
Cash Flow Statement For Year Ending December 31, 2010 S 140,000 Beginning Cash Operations Net Loss Net Cash Flow From Operations Investing Gain from Sale of Building Net Cash Flow from Investing Financing Payoff Loan Pay Dividends Net Cash Flow from Financing Ending Cash 115,000 (115,000) S 250,000 S (240,000) S (25,000) S (265,000) S 10,000
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Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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