Calculate net cash flows for the year

Reference no: EM131520064

Question: Below are several transactions for Meyers Corporation for 2012

Required: 1. For each transaction, determine the amount of the inflow or outflow of cash (indicate inflows with a " +" and outflows with a " -"). If cash is involved in the transaction, indicate whether Meyers should classify it as operating, investing, or financing in a statement of cash flows.

2. Calculate net cash flows for the year.

3. Assuming the balance of cash on January 1, 2012, equals $4,400, calculate the balance of cash on December 31, 2012.

Reference no: EM131520064

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