Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Cash equivalents - Accounts Financial Statements

VIEWS: 30 PAGES: 3

Calculation of cash and cash equivalents : In Victor Food’s statement of cash flows, what amount would be reported as the net change in cash and cash equivalents?

More Info
  • pg 1
									              Sub: Accounts                                                              Topic: Financial Statements



              Question:
              Calculation of cash and cash equivalents

         ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in
                       Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and many other subjects.

              The information below relates to question 6.

              The following balance sheets are provided for Victor Foods

                                                                                           End of Year Beginning of Year

                     Cash and cash equivalents ……………………………..                                  $170,000                $120,000

                     Accounts receivable ……………………………..                                           80,000                  65,000

                     Inventory …………………………..                                                     140,000                 130,000

                     Plant and equipment (net) ……………………….                                       130,000                  8
								
To top