Solution-What would total cash from operations be for the

What would total cash from operations be for the year

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Problem 1: Which of these are reasons we have a cash flow statement (pick all that apply)?

Option 1: It provides an alternative view of economic reality that is useful when combined with accrual accounting

Option 2: Cash liquidity is necessary for shorter-term survival

Option 3: Cash is the asset most likely to be misappropriated.

Option 4: Cash is King!

Option 5: It is a tradition that has never gone away. It is not very useful now that we have accrual accounting.

Problem 1: Brenda has been tasked with creating the cash flow statement for her company. She had decided to start by putting items into cash categories. During the year, her company borrowed $30,000 from a bank, paid $100,000 to suppliers, invested $40,000 in new machinery, collected $250,000 from customers and received $2,000 for dividend payments from shares in other companies. What would total cash from operations be for the year?

Reference no: EM132625458

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What would total cash from operations be for the year

Reference no: EM132625458

Reference no: EM132625458

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