In 2018, Usher Sports Shop had cash flows from investing activities of -$4,364,000 and cash flows from financing activities of -$5,880,000 (financing activities are always negative). The balance in the firm’s cash account was $1,615,000 at the beginning of 2018 and $1,742,000 at the end of the year. Calculate Usher Sports Shop’s cash flow from operations for 2018.
In 2018, Usher Sports Shop had cash flows from investing activities of -$4,364,000 and cash flows from financing activities of -$5,880,000 (financing activities are always negative). The balance in the firm’s cash account was $1,615,000 at the beginning of 2018 and $1,742,000 at the end of the year. Calculate Usher Sports Shop’s cash flow from operations for 2018.
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 15E
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In 2018, Usher Sports Shop had cash flows from investing activities of -$4,364,000 and cash flows from financing activities of -$5,880,000 (financing activities are always negative). The balance in the firm’s cash account was $1,615,000 at the beginning of 2018 and $1,742,000 at the end of the year. Calculate Usher Sports Shop’s cash flow from operations for 2018.
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