Explore BrainMass

Explore BrainMass

    Change in cash due to financing activities

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    You are an accountant at evergreen, inc., and your boss has asked you to prepare the company's statement of cash flows for an upcoming shareholders' meeting. He gave you the company's 2009 comparative balance sheet (see attachment)

    Calculate the Change in cash due to financing activities =$

    **** Note the change in retained earnings was due to net income of $55000 and payments of $7000 of dividends

    7000 Notes payable
    (20000)Bonds payable
    30000 common stock
    (7000) Dividends
    _________________

    $10000 =Calculate the Change in cash due to financing activities

    © BrainMass Inc. brainmass.com June 4, 2020, 12:24 am ad1c9bdddf
    https://brainmass.com/business/accounting/change-cash-due-financing-activities-336034

    Attachments

    Solution Preview

    The change due to financing activities is
    Notes Payable -7,000 as the ...

    Solution Summary

    The solution explains how to calculate the change in cash due to financing activities.

    $2.19

    ADVERTISEMENT