Question: Attempt NaN Mit Using info below, what is the net cash flow for Fox's 2020 SCFs Investing activities? 2020 Income Stmt BS Assets 12/31/20 12/31/20

 Attempt NaN Mit Using info below, what is the net cash

Attempt NaN Mit Using info below, what is the net cash flow for Fox's 2020 SCFs Investing activities? 2020 Income Stmt BS Assets 12/31/20 12/31/20 12/31/19 Sales: $900,000 Cash: $ 12.000 $ 12.000 $ 80,000 CGS: (350,000) Accts Rec: 124.000 8,000 12.000 Gross Profit $550,000 AFS Secs 70,000 BS Liabs 12/31/19 & SE Accts $ 14,000 Payable: Taxes 102,000 Payable: 36,000 Divs Payable: Wages 120,000 Payable: Interest 8,000 Payable Notes 180,000 Payable: 16,000 20,000 Op. Exp (240.000) Inventory: 80,000 16.000 8,000 Gain Equip: 5.000 Prepaid Rent: 10,000 2.000 Interest Rev: 3,000 Land: 250,000 120,000 138,000 Interest Exp: (6,000) Equipment: 180,000 260,000 Commen 16.000 15,000 Pre-Tax NI: Accum $312.000 Depr (70,000) (50,000) 160.000 147.000 Stock: Additional PIC: Retained Earnings: Totals: Income Tax (80,000) Patents: 94,000 100,000 400,000 350,000 NI: $232,000 Totals: $750,000 $770,000 $750,000 $770,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!