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Overall change in cash

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Please determine the overall change in cash for the following. Please explain your answer.

Accounts receivable increased $5,000
Inventory decreased $8,000
Office supplies decreased $2,000
Other current assets increased $7,000
Fixed assets increased $20,000
Accounts payable decreased $15,000
Bonds payable decreased $25,000
Accrued expenses increased $2,000
Common stock increased $5,000
Net income $75,000
Dividends paid $12,000

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Solution Summary

The solution explains how to calculate the overall change in cash for a statement.

Solution Preview

Increase in assets is a use of cash and decrease in liabilities is a use
Decrease in assets is a source and increase in liabilities is a source
Operating Activities is
Net ...

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