Thunderbird Amusement Park-Balance Sheet as of June 30CashAccounts receivablesInventoryTotal current assetsFixed assetsLess: Accumulated depreciationAssetsNet fixed assetsTotal assetsLiabilities and Stockholders' Equity.Accounts payableNotes payableDeferred taxesTotal current liabilitiesLong-term debtCommon stock$0O $46,124O-$46,1242007None of these$ 13,22131,323444,71277,244$121,788 $141,255$466,500$ 38,54912,00421,934(100,000) (172,487)344,712$72,48778,445Retained earningsTotal liabilities and stockholders' equity $466,500125,0002008$11,729190,56837,90991,617563,323390,836$532,091$42,88116,75316,788$76,42261,290175,000219,379The company had a net income of $248,462, and depreciation expenses were equal to $72,487.What is the firm's net cash flow provided by (used in) investing activities?$532,091

Cash flow statement includes three significant activities which are operating, investing and…

Answered: The company had a net income of…

The company had a net income of $248,462, and depreciation expenses were equal to $72,487. What is the firm's net cash flow provided by (used in) investing activities?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Thunderbird Amusement Park-Balance Sheet as of June 30
Cash
Accounts receivables
Inventory
Total current assets
Fixed assets
Less: Accumulated depreciation
Assets
Net fixed assets
Total assets
Liabilities and Stockholders' Equity.
Accounts payable
Notes payable
Deferred taxes
Total current liabilities
Long-term debt
Common stock
$0
O $46,124
O-$46,124
2007
None of these
$ 13,221
31,323
444,712
77,244
$121,788 $141,255
$466,500
$ 38,549
12,004
21,934
(100,000) (172,487)
344,712
$72,487
78,445
Retained earnings
Total liabilities and stockholders' equity $466,500
125,000
2008
$11,729
190,568
37,909
91,617
563,323
390,836
$532,091
$42,881
16,753
16,788
$76,422
61,290
175,000
219,379
The company had a net income of $248,462, and depreciation expenses were equal to $72,487.
What is the firm's net cash flow provided by (used in) investing activities?
$532,091

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