For the Year Ended December 31, 2022
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Cash flows from operating activities
Cash received from customers $65,000
Cash paid to suppliers (28,000)
Net cash provided by operating activities ............................................................................ $37,000
Cash flows from investing activities
Cash paid for new equipment................................................................................................. (30,000)
Net cash used by investing activities.................................................................................................... (30,000)
Cash flows from financing activities
Cash received from lenders .............................................................................. 20,000
Cash dividends paid ........................................................................................ (9,000)
Net cash provided by financing activities.................................................................................................... 11,000
Net increase in cash (Cash from oper. act. –
Cash from inv. act. + Cash from fin.act.) ..................................................................................................... 18,000
Cash at beginning of period ........................................................................................ 12,000
Cash at end of period ............................................................................ $30,000
Ex. 216
One item is omitted in each of the following summaries of balance sheet and income statement data for three different corporations, A, B, and C.
Determine the amounts of the missing items, identifying each corporation by letter.
Corporation
A B C