Complete the statement of sources and uses of cash from the following entries: N

Question

Complete the statement of sources and uses of cash from the following entries:

Net income Dividends Additions to inventory Additions to receivables Depreciation Reduction in payables Net issuance of long-term debt Sale of fixed assets $2,000 800 170 200 140 600 350 110 Sources Issued long-term debt Sale of fixed assets Cash from operations Net income Depreciation Total sources Uses Additions to inventory Increase in accounts receivable Decrease in accounts payable Payment of dividends Total uses

Explanation / Answer

Sources

Issued long-term debt 350

Sale of fixed assets 110

Cash from operations:

Net income 2000

Depreciation 140

Total Sources $2,600

Uses

Additions to inventory 170

Increease in accounrs receivable 200

Decrease in accounts payable 600

Payment of dividends 800

Total uses $1,770

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