During 2017,Wimbrow Images Reported $60,000 of Net Income and Generated

question 162

Essay

During 2017,Wimbrow Images reported $60,000 of net income and generated $80,000 of cash from operations.During the year,Wimbrow Images paid $15,000 to purchase a new delivery truck and also paid dividends in the amount of $30,000.Wimbrow Images borrowed $40,000 cash from the bank.At the beginning of the year,cash amounted to $50,000.
A) Frepare a statement of cash flows for the year ended December 31, 2017.
B) How much more cash does Wimbrow Images have available at the end of the year than at the begir
C) Why is there a difference between net income and cash flows from operations?

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Definitions:

Validity

The extent to which performance on a measure (such as a test score) is related to what the measure is designed to assess (such as job performance).

Relevant

Pertaining to or connected with the matter at hand; applicable or significant to the topic being discussed.

Paired-comparison Method

A technique in performance appraisal where an employee's performance is compared directly with that of another employee.

Consistency

The quality of always behaving or performing in a similar manner, allowing for reliability and predictability.