FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
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Below are several transactions for Meyers Corporation for 2021.Required: 1. For each transaction, determine the amount of cash flows (indicate inflows with a “+” and outflows with a “−”). If cash is involved in the transaction, indicate whether Meyers should classify it as operating, investing, or financing in a statement of cash flows. Enter N/A if the question is not applicable to the statement. 2. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2021, equals $5,400, calculate the balance of cash on December 31, 2021.
. ABC company had the following transactions during the month of April 2020. They would like you,
their accountant, to prepare a cash flow statement. Before preparing the statement, you first need to
determine whether the items below results in a cash inflow or outflow in the statement of cash flows.
Second, you are required to determine whether the transaction is an operating, investing, or financing
activity by placing an √ in the appropriate columns.
(b) Calculate the following for 2019:
i. Operating Cash Flow ii. Net Capital Spending iii. Change in Net Working Capital
iv. Cash Flow from Assets v. Cash Flow to Creditors vi. Cash Flow to Stockholders
ONLY PARTS iv, v, vi to be done please.
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