Given the following data, reassemble the accounts so that they are in the proper

Question

Given the following data, reassemble the accounts so that they are in the proper order and everything looks like a correct statement of cash flows, this is a not-forprofit entity!

ncreases in prepaid expenses Increase in accrued expenses Proceeds from restricted contributions $ Change in net assets cash at the beginning of the year Sale of equipment Depreciation expense ncrease in net accounts receivable Decrease in other current liabilities ncrease in inventory Purchase in long term investments Payment of long-term debt Decrease in accounts payable Cash at the end of the year Net cash flows from operating activities Net cash flows from financing activities$ Net cash used for for investing activities $ 4,000) 7,000 125,000 25,000 55,000 85,000 35,000 (12,000) (6,500) (8,000) (65,000) (15,000) Solve for 21,500 90,000)

Explanation / Answer

Cash at the begning of the year        55,000.00 Changes in net assets        25,000.00 Depriciation exps        35,000.00 Increase in prepaid exp        (4,000.00) Increase in accrued exp          7,000.00 Increase in net accounts receivable     (12,000.00) Decrease in net current liabilities        (6,500.00) Increase in inventory        (8,000.00) Decrease in accounts payaaable     (15,000.00) Net Cash flow from operating activities        21,500.00 Purchase of long term investment (175,000.00) Sale of equipment        85,000.00 Net Cash flow from investing activities     (90,000.00) Proceeds from restricted contri     125,000.00 Payment of long term debt     (65,000.00) Net Cash flow from Financing activities        60,000.00 Cash at the end of the year        46,500.00

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.