Reference no: EM132575945
Question - Determine the cash flow for Operating, Financing and Investing activities for the company and calculate the net change in cash.
Maggna Inc had the following transactions during the current financial reporting period.
Net Loss ($72,000)
Depreciation $17,000
Decrease in accounts receivable $24,500
Increase in inventories $10,600
Increase in accounts payable $33,000
Decrease in income taxes payable $29,500
Decrease in wages payable $13,600
Proceeds on Sale of Equipment $88,000
Repayment of bonds $62,000
Issuance of Common shares $21,000
Proceeds on sale of land $92,000
Loss on sale of land $16,000
Payment of dividends $23,000