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Change in Cash due to Financing Activities

Please determine the change in cash to the Financing activities of the following cash flow statement. Please explain your answer.

Assets 12/31/2011 12/31/2010
Cash $367,000 $329,000 $38,000
Accounts Receivable $80,000 $83,000 $(3,000)
Inventory $213,000 $199,000 $14,000
Prepaid Expenses $25,000 $21,000 $4,000
Fixed Assets $463,000 $419,000 $44,000
Accumulated Depreciation $(213,000) $(201,000) $(12,000)
Total Assets $935,000 $850,000

Liabilities &
Stockholders' Equity
Accounts Payable $112,000 $120,000 $(8,000)
Salaries Payable $30,000 $28,000 $2,000
Notes Payable $10,000 $17,000 $(7,000)
Bonds Payable $50,000 $30,000 $20,000
Common Stock $600,000 $570,000 $30,000
Retained Earnings $133,000 $85,000 $48,000
Total Liabilities & $935,000 $850,000
Stockholders' Equity

Solution Preview

Financing activities relate to raising money through equity and debt, debt repayments and payment of dividend. From the changes in the balance ...

Solution Summary

The solution explains how to calculate the Change in Cash due to Financing Activities

$2.19