Solved

Faith Is Developing a Statement of Cash Flows for Yummy

Question 5

Essay

Faith is developing a statement of cash flows for Yummy Gummies, a candy company that she owns.She has a net profit of R15 000 and an increase in inventory of R7 500.She took out a line of credit with her bank to finance her business and has decreased trade receivables by R4 000.She has also invested in equipment for shaping her candy.How will the above information be listed on the statement of cash flows?

Correct Answer:

verifed

Verified

Cash flow from operating activities: Fai...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions