what is the company's cash flows from operating activities?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 47E
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Selected Balance Sheet Information | Year 2020 | Year 2021 |
Cash | 40,000 | ? |
10,000 | 14,000 | |
Prepaid Rent | 5,000 | 6,000 |
Inventory | 35,000 | 30,000 |
Accounts Payable | 3,000 | 2,000 |
Unearned Revenue | 5,000 | 7,000 |
Income Taxes Payable | 14,000 | 12,000 |
Other Relevant Information for 2021 | ||
Beginning Cash Balance | 40,000 | |
Net Income | 65,000 | |
40,000 | ||
Cash Paid for Dividends | 10,000 | |
Cash Received for Loan | 40,000 | |
Cash Repaying Loan | 10,000 | |
Cash Payment to Purchase Land | 12,000 | |
Cash Received for Sale of Equipment | 15,000 | |
Gain on Sale of Equipment | 5,000 | |
Cash Received for Issuance of Stock | 10,000 | |
Given the above information, what is the company's cash flows from operating activities?
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