Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 7.00

Groovy, Inc.,

E1-35B (Learning Objective 5: Construct a statement of cash flows) Groovy, Inc., began 2012 with $95,000 in cash. During 2012, Groovy earned net income of $360,000, and adjustments to reconcile net income to net cash provided by operations totaled $60,000, a positive amount. Investing activities used cash of $410,000, and financing activities provided cash of $5,000.

Groovy ended 2012 with total assets of $570,000 and total liabilities of $410,000.

â–¶ Requirement

1. Prepare Groovy, Inc.’s statement of cash flows for the year ended December 31, 2012. Identify the data items given that do not appear on the statement of cash flows. Also identify the financial statement that reports each unused items.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 11:08 PM My Price 7.00

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