Question: Please help me Following information below for Canton Co . Net Income : $2000 Depreciation Expense : 500 Increase in deferred taxes : 500 Decrease

Please help me

Following information below for Canton Co .

Net Income : $2000

Depreciation Expense : 500

Increase in deferred taxes : 500

Decrease in accounts receivable : 2000

Increase in inventories : 3000

Decrease in accounts payable: 3000

Increase in accrued liabilities : 1000

Decrease in gross property and equipment : 12000

Dividends : 2000

Decrease in short-term notes payable: 13000

Increase in long-term debt: 4000

Question 1: What is the cash flow from Investing ( CFI ) activities ?

Question 2: What is the cash flow from Financing ( CFF) activities ?

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 Finance Questions!