Hello Corp has the following budgeted data:

 Cash, beginning, is 100,000;

 Cash, ending, is 80,000.  

Net cash flow provided by financing activities was 30,000;

 issuance of shares for cash is 50,000; 

Acquisition of fixed assets costing 80,000 (50% down payment and the balance payable by next year);

 Gain on sale of certain fixed assets with book value of 10,000, at gain of 5,000.

 If Accounts receive and Accounts payable increased by 4,000 and 6,000, respectively, what is the budgeted net income / loss?

 

Answer rating: 100% (QA)

To calculate the budgeted net incomeloss we need to reconcile the cash flow from operating activitie... View the full answer