We’re continuing to analyze the same company as in modules 1, 2, and 3. Based on additional information added in modules 2 and 3, please use the information below to make a statement of cash flows. • The beginning cash balance is $30,000. • Use the Net Income from Module 2. • Use depreciation expense of Module 1. • During the year 14, Inventory increases by $42,500. • During the year 14, Land increases by $400,000. • During the year 14, Long-Term Debts increase by $360,000. • During the year 14, the company made a secondary offering of stock and raised an additional $180,000 which includes $150,000 of Paid-in Capital. • During the year 14, the company had paid $15,000 in dividends. Using the Indirect Method, prepare a statement of cash flows for the company in good format and compare two financial statements between the income statement and statement of cash flows. You do not need to include the income statement or balance sheet.
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