Use the Indirect Method of Preparing a Statement of Cash

question 35

Short Answer

Use the indirect method of preparing a statement of cash flows to answer the question.
Ending balances for Sunday Hut are listed below:
Net income for this year was $97,000 and dividends of $24,000 were declared and paid this year.
What was the net cash inflow from financing activities?

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Definitions:

Public Policy

Principles and standards considered by the government in addressing issues which affect the public at large.

Slamming

The illegal practice of changing a consumer’s telephone service without permission.

Limited Warranties

Warranties that cover only certain parts, certain defects, or have other specific limitations established by the seller.

Used Car Dealers

Businesses specialized in selling pre-owned vehicles to consumers.