SMITH TRAINING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities: Received from customers 36,600 Paid for expenses 53,900 Net cash flow from operating activities 90,500 Cash flow from investing activities Cash flows from financing activities: Received from stock issue 53,000 Net cash flow from financing activities 53,000 143,500 Net change in cash Plus: Beginning cash balance Ending cash balance 143,500 %24 %24 %24
SMITH TRAINING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities: Received from customers 36,600 Paid for expenses 53,900 Net cash flow from operating activities 90,500 Cash flow from investing activities Cash flows from financing activities: Received from stock issue 53,000 Net cash flow from financing activities 53,000 143,500 Net change in cash Plus: Beginning cash balance Ending cash balance 143,500 %24 %24 %24
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.2E
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