Cash Paid for Inventory Purchases
Refer to the information in Practice 5 6. Compute cash paid for inventory purchases.
Practice 5 6
General Format for a Statement of Cash Flows
Organize the following summary information into the proper format for a statement of cash flows.
|
Cash balance, beginning of year |
$ 3,200 |
|
Cash flow from financing activities |
10,000 |
|
Total stockholders’ equity, end of year |
23,000 |
|
Cash flow from operating activities |
4,300 |
|
Cash balance, end of year |
2,500 |
|
Cash flow from investing activities |
(15,000) |
|
Total stockholders’ equity, beginning of year |
20,000 |