Change in Cash to Financing Activities on Cash Flow Statemen
Not what you're looking for?
Please determine the change in cash to the financing activities of the following cash flow statement. Please explain your answer. I am confused about Common stock, but included in my answer.
Assets 12/31/2009 12/31/2008
Cash $70,000 $40,000 $30,000
Accounts Receivable $10,000 $13,000 $(3,000)
Inventory $11,000 $15,000 $(4,000)
Fixed Assets $75,000 $33,000 $42,000
Less: Accumulated Depreciation $(21,000) $(17,000) $(4,000)
Total Assets $145,000 $84,000
Liabilities &
Stockholders' Equity
Accounts Payable $20,000 $22,000 $(2,000)
Notes Payable $35,000 $7,000 $28,000
Bonds Payable $25,000 $10,000 $15,000
Common Stock $20,000 $10,000 $10,000
Retained Earnings $45,000 $35,000 $10,000
Total Liabilities &
Stockholders' Equity $145,000 $84,000
Purchase this Solution
Solution Summary
This solution is comprised of a detailed explanation to answer the Change in Cash to Financing Activities on Cash Flow Statement for Hood Inc.
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.