Question: Using info below, what is the net cash flow for Fox's 2020 SCFs Investing activities? 2020 Income Stmt BS Assets 12/31/20 12/31/19 BS Liabs &
Using info below, what is the net cash flow for Fox's 2020 SCFs Investing activities? 2020 Income Stmt BS Assets 12/31/20 12/31/19 BS Liabs & SE 12/31/20 12/31/19 Sales: $900,000 Cash: Accts $ 12,000 $ 14,000 Payable: $ 12,000 $80,000 Taxes CGS: (350,000) Accts Rec 124,000 102,000 8,000 12,000 Payable: Gross Divs $550,000 AFS Secs: 70,000 Profit: 36,000 16,000 20,000 Payable: Op. (240,000) Inventory: Wages 80,000 120,000 16,000 8,000 Exp: Payable: Gain - Prepaid Interest 5,000 10,000 8,000 2,000 Equip: Rent: Payable: Interest Notes 3,000 Land: 250,000 180.000 120.000 138,000 Rev: Payable: Interest Common (6,000) Equipment: 180,000 260,000 16.000 15,000 Exp: Stock: Pre-Tax Accum Additional $312,000 (70,000) (50.000) 160,000 147,000 NI: Depr: PIC: Income Retained (80,000) Patents: 94,000 100.000 400,000 350,000 : Earnings: NI: $232,000 Totals: $750,000 $770,000 Total: $750,000 $770,000 Notes: 1) The only long-term asset sold in 2020 is Equipment with an $80,000 cost & 30% depreciated when sold. 2) All Depreciation & Amortization Expenses are included in Operating Expense (Op.Exp.) )
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