12 BASE DATA: 13 14 MSU uses the indirect method: 15 Net income 16 Dividends pai

Question

12 BASE DATA: 13 14 MSU uses the indirect method: 15 Net income 16 Dividends paid (cash) 17 Depreciation expense 18 Net decrease in current assets 19 Issued new notes payable for cash 20 Paid cash for building 21 Net decrease in current liabilities 22 Sold investment for cash 92,600 $50,500 12,000 21,400 61,200 $ 279,000 5,300 $ 350,000 23 OWING UR PRODUCT 25 27 28 What was the net cash flow from operating activities for the year? 29 o What was the cash flow from (or used tor) investing activities for the year? 31 2 What was the cash flow from (or used tor) financing activities for the year? 34 What was the net change in chsh for the year? 35 36 383 points for each "dollar and cents correct answer 39 2 point for each use of excel formulas to support answers 40 2 point for product name entry 12 41 Total points for case part 5

Explanation / Answer

1 Cash flow from operating activities Net income           92,600 Depreciation expense           12,000 Net decrease in Current assets           21,400 Net decrease in Current liabilities            (5,300)         120,700 2 Cash flow from investing activities Paid cash for building        (279,000) Sold investment for cash         350,000           71,000 3 Cash flow from financing activities Dividends paid          (50,500) Issued new notes payable for cash           61,200           10,700 4 Net change in cash for the year Cash flow from operating activities         120,700 Cash flow from investing activities           71,000 Cash flow from financing activities           10,700         202,400

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