Question

Momber's Flooring Company 2011 2012 Cash            500            800 Accounts receivable        1,400 &

Momber's Flooring Company
2011 2012
Cash            500            800
Accounts receivable        1,400        1,200
Inventory        3,900        4,400
Net fixed assets        8,200        8,200
Land        1,000        2,000
Total Assets      15,000      16,600
        
Notes payable        1,000            600
Accounts payable        3,000        2,000
Accruals            500            900
Long-term debt        3,600        5,400
Common Stock        2,500        2,200
Retained earnings        4,400        5,500
Total Liabilities and Equity      15,000      16,600

Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data:

Net income (2012) = $3,074 and Depreciation (2012) = $1,720

Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.

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Answer #1

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