how to calculate net cash flow provided by investing activities

Question

Financial statements of Ansbro Corporation follow: 

Ansbro Corporation
Comparative Balance Sheet

 

Ending
Balance

Beginning
Balance

Assets:

   

Cash and cash equivalents

$ 32

$ 29

Accounts receivable

82

80

Inventory

41

39

Property, plant and equipment

648

560

Less: accumulated depreciation

346

307

Total assets

$457

$401

Liabilities and stockholders' equity:

   

Accounts payable

$ 49

$ 68

Bonds payable

135

190

Common stock

92

80

Retained earnings

181

63

Total liabilities and stockholders' equity

$457

$401

 

Income Statement

Sales

$745

Cost of goods sold

438

Gross margin

307

Selling and administrative expenses

127

Net operating income

180

Income taxes

22

Net income

$ 158

 

Cash dividends were $40. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) investing activities for the year was:

a. $ 88

b. $ (49)

c. $ 49

d. $ (88)

 

 

Download Full Solution

Comments

  • HWA
    Rasha

    this is a very good website

  • HWA
    maani

    I have 50 questions for the same test your page is showing only 28

  • HWA
    joeanne

    hi can you please help or guide me to answer my assignments. thanks

  • HWA
    joeanne

    hi can anyone help or guide me to my assignments. thanks

  • HWA
    Monik


  • HWA
    Cristina

    This solution is perfect ...thanks

  • HWA
    Janete

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA
    Sandeep

    Perfect bank of solution. 

  • HWA
    Oxana

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA
    Giuseppe

    works fine.