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Category Prior Year Current Yea Accounts payable 3,197.00 5,955.00 Accounts receivable 6,865.00 8,934.00 Accruals 5,613.00 6,074.00 Additional paid in capital 19,604.00 13,954.00 Cash ??? ??? Common Stock 2,850 2,850 СOGS 22,484.00 18,643.00 Current portion long-term debt 500 500 Depreciation expense 971.00 991.00 Interest expense 1,251.00 1,152.00 Inventories 3,006.00 6,686.00 Long-term debt 16,550.00 22,155.00 Net fixed assets 75,765.00 74,086.00 Notes payable 4,063.00 6,516.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,910.00 34,812.00 Sales 46,360 45,120.00 Тахes 350 920

Category Prior Year Current Yea Accounts payable 3,197.00 5,955.00 Accounts receivable 6,865.00 8,934.00 Accruals 5,613.00 6,074.00 Additional paid in capital 19,604.00 13,954.00 Cash ??? ??? Common Stock 2,850 2,850 СOGS 22,484.00 18,643.00 Current portion long-term debt 500 500 Depreciation expense 971.00 991.00 Interest expense 1,251.00 1,152.00 Inventories 3,006.00 6,686.00 Long-term debt 16,550.00 22,155.00 Net fixed assets 75,765.00 74,086.00 Notes payable 4,063.00 6,516.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,910.00 34,812.00 Sales 46,360 45,120.00 Тахes 350 920

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.1.2MBA
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What is the firm's cash flow from financing? What is the firm's cash flow from investing? What is the firm's total change in cash from the prior year to the current year?
Category Prior Year Current Year Accounts payable 3,197.00 5,955.00 Accounts receivable 6,865.00 8,934.00 Accruals 5,613.00 6,074.00 Additional paid in capital 19,604.00 13,954.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,484.00 18,643.00 Current portion long-term debt 500 500 Depreciation expense 971.00 991.00 Interest expense 1,251.00 1,152.00 Inventories 3,006.00 6,686.00 Long-term debt 16,550.00 22,155.00 Net fixed assets 75,765.00 74,086.00 Notes payable 4,063.00 6,516.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,910.00 34,812.00 Sales 46,360 45,120.00 Тахes 350 920
Transcribed Image Text:Category Prior Year Current Year Accounts payable 3,197.00 5,955.00 Accounts receivable 6,865.00 8,934.00 Accruals 5,613.00 6,074.00 Additional paid in capital 19,604.00 13,954.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,484.00 18,643.00 Current portion long-term debt 500 500 Depreciation expense 971.00 991.00 Interest expense 1,251.00 1,152.00 Inventories 3,006.00 6,686.00 Long-term debt 16,550.00 22,155.00 Net fixed assets 75,765.00 74,086.00 Notes payable 4,063.00 6,516.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,910.00 34,812.00 Sales 46,360 45,120.00 Тахes 350 920
Expert Solution
Step 1 Introduction

Cash flow Statement: This statement showing the inflows and outflows of cash and cash equivalents during the particular year. It measures how well the company generates cash to pay its debt obligations and fund its operating expenses.

Cash flow statement divided into three different activities:

1) Cash flow from operating activities.

2) Cash flow from investing activities.

3) Cash flow from Financing activities.

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Why is long term debt the only financing activity? What about current debt, dividends, and current stock?

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