Question: Question 2 A. Given below are the elements for a Cash Flow (CF) Statement for Hunter's Jewelry and Gift Store. Complete the CF Statement (showing

 Question 2 A. Given below are the elements for a Cash

Question 2 A. Given below are the elements for a Cash Flow (CF) Statement for Hunter's Jewelry and Gift Store. Complete the CF Statement (showing OCE, ICF, and FCF). $ $ $ $ Net income Depreciation Expense Increase in deferred tax liabilities Decrease in accounts receivable Increase in inventories Decrease in accounts payable Increase in accrued liabilities Increase in property and equipment Increase in short-term notes payable Decrease in long-term bonds payable 5,000 2,500 500 2,000 9,000 5,000 1,000 14,000 19,000 4,000 $ $ $ $ $ B. On your Cash Flow Statement, to the right of your ledger entries, label each of the entries from which they are derived: Income Statement (IS) or Balance Sheet (BS). Classify all Balance Sheet sourced entries as an Asset (A), Liability (L) or Equity (E). C. Then: 1. Calculate the net cash flow from operating activities. Circle the right answer. a. ($3,000) b. ($1,000) . $5,000 d. $13,000 2. Calculate the net cash flow from investing activities. Circle the right answer. a. $14,000 b. ($14,000) C. $21,000 d. ($16,000) 3. Calculate the net cash flow from financing activities. Circle the right answer. a. $15,000 b. ($15,000) c. $17,000 d. ($14,000) 4. Calculate the net cash flow. Circle the right answer. a. ($3,000) b. $3,000 c. $2,000 d. ($2,000)

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!