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Suppose Hopewell Corporation had the following results related to cash flows for 2017: Net Income of...

Suppose Hopewell Corporation had the following results related to cash flows for 2017: Net Income of $8,300,000 Adjustments from Operating Activities of $1,100,000 Net Cash Flow from Investing Activities of -$1,800,000 Net Cash Flow from Financing Activities of -$900,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow? Please specify your answer in the same units as the statement of cash flows.

Solutions

Expert Solution

  • Statement of Cash Flows for the year 2017

Amount ($ in thousand)

Cash Flows from Operating Activities

Net Income

$              8,300.00

Adjustments from Operating activities

$              1,100.00

Net Cash flows from Operating Activities

$             9,400.00

Net Cash Flow from Investing Activities

$           (1,800.00)

Net Cash Flow from Financing Activities

$              (900.00)

Net Cash Flow during the period

$             6,700.00 = Answer

  • Net Cash Flow = $ 6,700 thousands

ekkarill92 answered 3 years ago
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