In 2020, Flounder Corporation had net cash provided by operating activities of $505,000, net cash used by investing activities of $987,000, and net cash provided by financing activities of $527,000. At January 1, 2020, the cash balance was $325,000. Compute December 31, 2020, cash.

In 2020, Flounder Corporation had net cash provided by operating activities of $505,000, net cash used by investing activities of $987,000, and net cash provided by financing activities of $527,000. At January 1, 2020, the cash balance was $325,000. Compute December 31, 2020, cash.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 7MC

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