https-jing.cengage.com/static/mb/uijevo/ndex 551651245228012529709009888el58N 97

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https-jing.cengage.com/static/mb/uijevo/ndex 551651245228012529709009888el58N 97813056369 0128id 3779507818 Search this coune tatement of cash flows Excel Online Structured Activity: Statement of cash ow You have just been hired as a fnancal analyst for Banington Industries Unfortunately, comgany headarters (where all of she irm's necords ane kept) has been destreyed by fire. Se, your ferst job w" be to receaen the trms car, rov, statement for the year just ended The had $100,000-the bis at ee od ofthe por-, ang inna aast ash remained constant during the year. It eamed $5 miion in net income during the year but paid s800,000 in dvidends to common sharehoiders. Throughout the year, the frm purchases ss.4 ofmachinery that was nee pr You have just goken to the mm's accoureants red that inal depreciben expe se for the year-$440,000, however, the question below what was the fm's ene-of-year cas, 5alance, Reoeate the "wy"

Explanation / Answer

Description Amount Operating activities Net Income        5,000,000 Depreciation            440,000 Net cash provided by Operating activity        5,440,000 Investing activities Machinery Equipment purchase       (5,400,000) Net cash provided by investing activity      (5,400,000) Financing activities Long term debt        1,000,000 Interest on long term debt @ 7%            (70,000) Payment of common dividend          (800,000) Net cash provided by financing activity           130,000 Net cash provided by all activities            170,000 Cash at beginning of the year            100,000 Cash at the end of year            270,000

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