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On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $45,800. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $24,800, (2) net cash outflow from investing activities of $16,000, and (3) net cash outflow from financing activities of $6,800.

On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $45,800. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $24,800, (2) net cash outflow from investing activities of $16,000, and (3) net cash outflow from financing activities of $6,800.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12A: The Statement Of Cash Flows
Section: Chapter Questions
Problem 2P: The financial statements for Romeo and Company follow. Assume that the additional investment and the...
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On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $45,800. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $24,800, (2) net cash outflow from investing activities of $16,000, and (3) net cash outflow from financing activities of $6,800.

Required:

a. Prepare a statement of cash flows.

Note: Amounts to be deducted should be indicated with a minus sign.

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