Change in Cash due to Operating activities
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Please determine the change in cash to Operating activities: Please explain your answer. Please review my attached answer for correctness. The net income is $19000.
Assets 12/31/2009 12/31/2008
Cash $26,000 $19,000 $7,000 increase
Accounts Receivable $9,000 $12,000 $(3,000) decrease
Inventory $16,000 $24,000 $(8,000) decrease
Fixed Assets $45,000 $33,000 $12,000 increase
Less: Accumulated Depreciation $(17,000) $(14,000) $(3,000) decrease
Total Assets $69,000 $74,000
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The solution explains the calculation of Change in Cash due to Operating activities
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Change in cash due to operating activities is
Net Income 19,000
Add: Depreciation 3,000 (from ...
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