What is the correct formula that gives the numbers that are bolded ...
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Accounting
What is the correct formula that gives the numbers that are bolded
Big Rock Candy Mountain Mining Co. | |||
Statement of Cashflows | |||
For the Year Ended Decemeber 31, 2016 | |||
Cash Flows from Operations | |||
Net Income | $14,985 | ||
Depreciation Expense | $26,820 | ||
Change in Accounts Receivable | $1,010 | ||
Change in Inventories | $1,580 | ||
Change in Accounts Payable | $2,500 | ||
Change in Other Current Liabilities | $110 | ||
Total Cash Flows from Operations | $47,005 | ||
Cash Flows from Investing | |||
Change in Plant & Equipment | ($8,580) | ||
Total Cash Flows from Investing | ($8,580) | ||
Cash Flows from Financing | |||
Change in Long-term Debt | ($5,900) | ||
Change in Common Stock | $0 | ||
Change to Cash Dividends Paid to Shareholders | $14,985 | ||
Total Cash Flows from Financing | $9,085 | ||
Net Change in Cash Balance | $47,510 |
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