What was upper crust cash flow from operations

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Reference no: EM131878376

1. Statement of Cash Flows In 2008, Upper Crust had cash flows from investing activities of −$240,000 and cash flows from financing activities of −$152,000. The balance in the firm's cash account was $92,000 at the beginning of 2008 and $107,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008?

$107,000

$392,000

$407,000

$15,000

2. Statement of Retained Earnings Z, Corp. began the year 2008 with $2.6 million in retained earnings. The firm earned net income of $7.4 million in 2008 and paid $2.84 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Z?

$1.96 million

$12.84 million

$10 million

$7.16 million

Reference no: EM131878376

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