ACCOUNTING- Statement of cash flows
Accounting and finance discussion, revision, exam and homework help.
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ACCOUNTING- Statement of cash flows
Hello, I would really appreciate if someone can help me prepare a statement of cash flows based on the information I have attached.
So far I have written: net income 27000.
Then adjustments: loss on sale of investments 4000, increase in accounts receivable (4000), increase in inventory (7000), decrease in prepaid expenses 3000, increase in accounts payable 10000, net cash provided by operating activities 33000.
I don’t know if what I’m doing is correct and what to do next. If someone could help me complete the statement of cash flows then I would be really grateful. Thanks. -
ACCOUNTING- Statement of cash flows
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