Class Prob. Stmt of Cash Flows - Answer

Class Prob. Stmt of Cash Flows - Answer - 200,000 Issuance...

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ACII Class Problem The Stmt of Cash Flows 1. The following 2009 information relates to Raddatz, Inc.: Net Income $365,000 Depreciation Expense 96,000 Amortization of Intangible Assets 11,000 Beginning Accounts Receivable 420,000 Ending Accounts Receivable 439,000 Beginning Inventory 516,000 Ending Inventory 560,000 Beginning Prepaid Expenses 48,000 Ending Prepaid Expenses42,000 Beginning Accounts Payable 119,000 Ending Accounts Payable 146,000 Purchase of Long-Term Assets for Cash 616,000 Cash from Issuance of Long-Term Debt
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Unformatted text preview: 200,000 Issuance of Stock for Cash 160,000 Issuance of Stock for Long-Term Assets 110,000 Purchase of Treasury Stock 64,000 Sale of Long-Term Investment at Cost 39,000 a. Calculate the net cash flows from operating activities. Show your work. b. Calculate the net cash flows from investing activities. Show your work. c. Calculate the net cash flows from financing activities. Show your work. d. Calculate the net change in cash. Show your work. Correct Answer:...
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Class Prob. Stmt of Cash Flows - Answer - 200,000 Issuance...

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