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Net income $ 3,000 Dividends 900 Additions to inventory 270 Additions to receivables 300 Depreciation 240...

Net income $ 3,000 Dividends 900 Additions to inventory 270 Additions to receivables 300 Depreciation 240 Reduction in payables 700 Net issuance of long-term debt 450 Sale of fixed assets 210

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Answer #1
Solution:
Statement of sources and uses of cash
Sources
Net issuance of long-term debt 450
Sale of fixed assets 210
Cash from operations:
Net income 3000
Depreciation 240
Total sources 3900
Uses
Additions to inventory 270
Additions to receivables 300
Reduction in payables 700
Dividends 900
Total uses 2170
Notes: Sources are those due to which cash is incoming to the organization & uses are where cash blocked or cash outflows.
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