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Category Prior Year Current Year Accounts payable 3,193.00 5,917.00 Accounts receivable 6,991.00 8,951.00 Accruals 5,661.00 6,114.00...

Category Prior Year Current Year
Accounts payable 3,193.00 5,917.00
Accounts receivable 6,991.00 8,951.00
Accruals 5,661.00 6,114.00
Additional paid in capital 19,962.00 13,910.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,900.00 18,440.00
Current portion long-term debt 500 500
Depreciation expense 997.00 1,021.00
Interest expense 1,258.00 1,129.00
Inventories 3,080.00 6,712.00
Long-term debt 16,587.00 22,385.00
Net fixed assets 75,740.00 74,135.00
Notes payable 4,006.00 6,599.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,062.00 34,793.00
Sales 46,360 45,761.00
Taxes 350 920

What is the firm's cash flow from financing?

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Answer #1

Cash flow from financing activities :

Cash flow from financing activities $
Further Long term debt taken 5,798
Additional paid in capital paid back (6,052)
Interest expenses paid (1,129)
Net cash outflows or used from financing activities (1,383)

Note: Note payable is considered as current liability ( maturity period is less than 12 months) because of two reasons.

1) Nothing has been specifically mentioned that the note payable is for short term or for long term.

2) In the question long term debts is specifically mentioned , excluding note payable, that means the given note payable is not a long term debts rather it is a current liability.

Rest of the given account details are not considered for cash flow from financing activities.

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