Question: Prblem # 2 (50 points) From the Data Below Prepare a Statement of Cash Flow Decrease in Accounts Recivable $25,000 Increase in Inventories $30,000 Net
| Prblem # 2 (50 points) | ||
| From the Data Below Prepare a Statement of Cash Flow | ||
| Decrease in Accounts Recivable | $25,000 | |
| Increase in Inventories | $30,000 | |
| Net Income | $85,000 | |
| Decrease in Accounts Payable | $35,000 | |
| Increase in Gross Fixed Assets | $32,000 | |
| Dividends | $22,000 | |
| Increase in Common Stock | $26,000 | |
| Depreciation Expense | $17,500 | |
| Beginning Cash | $27,500 | |
| Statement of Cash Flow | ||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help