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Calculate cash flow from operating activities

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Reference no: EM132487684

Question 1. Calculate cash flow from operating activities.

Question 2. Prepare the 2020 statement of changes in equity.

Assume the following income statement and balance sheet information:

Service revenue (all cash) Operating expenses Salaries (all cash)   $175      85

Net income                                                                            $90

                                                          2020                      2019

Current assets Cash                                $1,250            $1,600

Short-term invest. 100 200                          $1,350        $1,800

Liabilities Borrowings                                   600             1,000

Stockholders' equity Common stock              200                  300

Retained earnings                                     550                     500

                                                            750                       800

                                                            $1,350                  $1,800

Other information: The short-term investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are non- current. No gain or loss occurred when common stock was repurchased.

Reference no: EM132487684

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