Question
In: Finance
Complete the statement of sources and uses of cash from the following entries: Net income $...
Complete the statement of sources and uses of cash from the following entries:
| Net income | $ | 2,300 | |
| Dividends | 600 | ||
| Additions to inventory | 200 | ||
| Additions to receivables | 230 | ||
| Depreciation | 170 | ||
| Reduction in payables | 630 | ||
| Net issuance of long-term debt | 380 | ||
| Sale of fixed assets | 140 | ||
Solutions
Expert Solution
Please see the table below:
| Sources | $ |
| Issued long-term debt | 380 |
| Sale of fixed assets | 140 |
| Cash from operations: | |
| Net income | 2,300 |
| Depreciation | 170 |
| Total sources | 2,990 |
| Uses | |
| Additions to inventory | 200 |
| Increase in accounts receivable | 230 |
| Decrease in accounts payable | 630 |
| Payment of dividends | 600 |
| Total uses | 1,660 |
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