Question: CHAPTER 16 Learning Objective 2 S-F:16-9 Computing the change in cash; identifying non-cash transactions Jennifer's Wedding Shops earned net income of $27,000, which included

CHAPTER 16 Learning Objective 2 S-F:16-9 Computing the change in cash; identifying

CHAPTER 16 Learning Objective 2 S-F:16-9 Computing the change in cash; identifying non-cash transactions Jennifer's Wedding Shops earned net income of $27,000, which included deprecia of $16,000. Jennifer's acquired a $119,000 building by borrowing $119,000 on a lo term note payable. Requirements 1. How much did Jennifer's cash balance increase or decrease during the year? 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Learning Obiective 3 SF.16.10 Com

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