Firm BB, Inc. generated Net Income of $ 26,000 for year ended 12-31-’16. Depreciation Expense totalled $ 21,000, and A/R increased by $ 5,000 (vs. year end ’15). Inventory decreased by $ 29,000, and Short Term Notes Payable decreased by $ 11,000. A/P decreased by $ 4,000 and Other Short Term Debt increased by $ 7,000.

Land was sold for $ 52,000, and Buildings were purchased for $ 65,000. A Long Term Loan was paid off for $ 5,000, Common Stock Re-Purchase totalled $ 7,000, and Issuance of Common Stock generated $ 42,000.

Based on this information, prepare a Statement of Cash Flow.

Answer rating: 100% (QA)

Statement of Cash Flow for Firm BB Inc for the year ended December 31 2016 Cash fl... View the full answer