The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What...

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The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What is the firm's cash flow from financing activities? $61,656 -$182,057 -$61,656 -$66,405 Thunderbird Amusement Park-Balance Sheet as of June 30 Assets 2007 2008 Cash $ 13,221 $ 11,729 Accounts receivables Inventory 31,323 37,909 77,244 $121,788 91,617 Total current assets $141,255 Fixed assets 444,712 563,323 Less: Accumulated depreciation (100,000) (172,487) Net fixed assets 344,712 390,836 Total assets $466,500 $532,091 Liabilities and Stockholders' Equity Accounts payable $ 38,549 $ 42,881 Notes payable 12,004 16,753 Deferred taxes 21,934 16,788 Total current liabilities $ 72,487 $ 76,422 Long-term debt Common stock 78,445 61,290 125,000 175,000 Retained earnings 190,568 219,379 Total liabilities and stockholders' equity $466,500 $532,091 The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What is the firm's cash flow from financing activities? $61,656 -$182,057 -$61,656 -$66,405 Thunderbird Amusement Park-Balance Sheet as of June 30 Assets 2007 2008 Cash $ 13,221 $ 11,729 Accounts receivables Inventory 31,323 37,909 77,244 $121,788 91,617 Total current assets $141,255 Fixed assets 444,712 563,323 Less: Accumulated depreciation (100,000) (172,487) Net fixed assets 344,712 390,836 Total assets $466,500 $532,091 Liabilities and Stockholders' Equity Accounts payable $ 38,549 $ 42,881 Notes payable 12,004 16,753 Deferred taxes 21,934 16,788 Total current liabilities $ 72,487 $ 76,422 Long-term debt Common stock 78,445 61,290 125,000 175,000 Retained earnings 190,568 219,379 Total liabilities and stockholders' equity $466,500 $532,091

Answer rating: 100% (QA)

Increase in common stock 175000 125000 50000 Increase in notes payable 1675312004 474... View the full answer