Use the Indirect Method of Preparing a Statement of Cash

question 160

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:

Afro-Caribbean Migration

The movement of people from the Caribbean region to other countries, notably those of African descent seeking better economic opportunities or fleeing from political turmoil.

Sugar

A sweet-tasting, soluble carbohydrate used widely as a sweetener in food and drink, derived from sugarcane and sugar beet plants.

Early Twentieth Century

The period from 1901 to 1940, a time of significant industrial, social, and political change worldwide.

Black Female Suffrage

The right of Black women to vote, a milestone achieved through the broader women's suffrage movement and civil rights struggles.