Use the Indirect Method of Preparing a Statement of Cash

question 133

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.
What was the net cash inflow from financing activities?

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Definitions:

Implementation Intention

A self-regulatory strategy in the form of an "if-then plan" that can lead to better goal attainment, as well as help in habit and behavior formation.

Goal-Directed Behaviors

Actions taken with the intention of achieving a specific outcome or target.

Ego Depletion

A theory suggesting that self-control or willpower draws upon a limited pool of mental resources that can be temporarily exhausted.

Cognitive Control

The ability to regulate one’s thoughts, behaviors, and emotions to achieve goals.