FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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Transcribed Image Text: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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