Question

Prepare a statement of cash flows for 2010 using the below data.  

Assume there were no changes in any other asset or liability accounts.  

The ending cash balance for 2009 was​ $100.    

Make sure to identify​ Operating, Investing and Financing activities.  

Marlett Company Financial Information

	Dec. 2009	Dec 2010
Net Income	​$2,000	​$4,000
Accounts Receivable	​$750	​$1,250
Accumulated Depreciation	​$1,000	​$1,400
Common Stock	​$4,500	​$5,500
Paid in Capital	​$7,500	​$8,500
Retained Earnings	​$1,500	​$3,500
Accounts Payable	​$750	​$950

Marlett Company

Statement of Cash Flows

Change In Cash
Begining Cash Balance
Ending Cash Balance

Click to select your answer(s).

Answer 1