SOLUTION TO EXERCISE 13-9
TIP: The change in the cash balance ($14,000 increase) had no effect on the computations requested. The net cash provided (used) by each of the three activity classifications (operating, investing and financing) should net to this $14,000 increase.
TIP: Refer to Illustration 13-2 for explanations to the above computations.
Get Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
