Financing section of the Statement of Cash flows - or whether the item is not...
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Financing section of the Statement of Cash flows - or whether the item is not part of any of these sections. Match the items accordingly. Assume the indirect method for the calculation of the cash flows operating activities. Note: There might be more than one match for each section category and you might not need all section categories. Inventory account balance increased by $43,000 during the business year. Net income for the year equals $4.24 million. Increase in Cash balance of 1. Operating activities $0.63 million during the business year. 2. Investing activities Repayment of outstanding bond worth $1.7 million. 3. Financing activities Purchases of new 4. Neither part of operating, investing, equipment in cash for nor financing activities. $2,43 million during the business year. any of these sections. Match the items accordingly. Assume the indirect method for the calculation of the cash flows operating activities. Note: There might be more than one match for each section category and you might not need all section categories. Inventory account balance increased by $43,000 during the business year. Net income for the year equals $4.24 million. Increase in Cash balance of 1. Operating activities $0.63 million during the business year. 2. Investing activities Repayment of outstanding bond worth $1.7 million. 3. Financing activities Purchases of new equipment in cash for 4. Neither part of operating, investing, $2,43 million during the nor financing activities. business year. Depreciation expense for the year equals $0.84 million
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