FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Following is selected financial information of Kia Company for the current year ended December
Cash used by investing activities
Net increase in cash
Cash used by financing activities
Cash from operating activities
Cash, December 31, prior year
Required:
$ (2,000)
550
(2,800)
5,350
3,300
Prepare the statement of cash flows for Kia Company for the current year ended December 31.
Note: Cash outflows should be indicated with a minus sign.
KIA COMPANY
Mc
Graw
Hill
Statement of Cash Flows
For Current Year Ended December 31
Cash from operating activities
$
5,350
Cash used by financing activities
(2,800)
Cash used by investing activities
(2,000)
Net increase in cash
$
550
Cash, December 31, prior year
3,300
$
3,850
M
22
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Transcribed Image Text:oogle Chrome File Edit View Gbjs- Google Search C Bookmarks Profiles Tab Window Help History xiConnect - Home M Question 22 - Chapter 1 Hom X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F Chapter 1 Homework i 22 4.03 points eBook Ask Print References Saved Following is selected financial information of Kia Company for the current year ended December Cash used by investing activities Net increase in cash Cash used by financing activities Cash from operating activities Cash, December 31, prior year Required: $ (2,000) 550 (2,800) 5,350 3,300 Prepare the statement of cash flows for Kia Company for the current year ended December 31. Note: Cash outflows should be indicated with a minus sign. KIA COMPANY Mc Graw Hill Statement of Cash Flows For Current Year Ended December 31 Cash from operating activities $ 5,350 Cash used by financing activities (2,800) Cash used by investing activities (2,000) Net increase in cash $ 550 Cash, December 31, prior year 3,300 $ 3,850 M 22 < Prev 22 of 22 Next tv 甲
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