Question

Asked Oct 6, 2019

In 2018, Usher Sports Shop had cash flows from investing activities of −$4,384,000 and cash flows from financing activities of −$5,890,000. The balance in the firm’s cash account was $1,617,000 at the beginning of 2018 and $1,746,000 at the end of the year.

Calculate Usher Sports Shop’s cash flow from operations for 2018. **(Amounts to be deducted should be indicated by a minus sign.)**

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Step 1

Cash flow statement helps in the determining net change in cash of a company for that particular financial year. Therefore, net change in cash can be calculated as below

Step 2

Also, the change in cash flow can be calculated...

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