RE balance at Dec. 31, 2018 = $12,000 total income 3 years(7500×3) = $22,500 RE bal. at Dec. 31, 2019 = ($15,000) amt. of dividends paid for 3yrs= $19,500

RE balance at Dec. 31, 2018 = $12,000
total income 3 years(7500×3) = $22,500
RE bal. at Dec. 31, 2019 = ($15,000)
amt. of dividends paid for 3yrs= $19,500

Beg. RE + Net Inc. – Dividends = End R=
“

the balance of cash reported in the balance sheet this year minus the balance of cash reported in the balance sheet last year equals:

net cash flows from operating, investing, and financing activities

the payment of salaries is classified in the statement of cash flows as a(n):

operating activity

T/F about the statement of cash flows?

paying dividends to investors creates a cash outflow from financing activities.

what are examples of noncash activities?

– “exchange in/of”
– purchase of land by issuing debt

what is added to net income as an adjustment under the indirect method of preparing the statement of cash flows?

net income 
– gains
+ losses 
+ decrease CA
– increase CA 
– decrease CL 
+ increase CL

CHIPOTLE HONEY VINAIGRETTE reported net income of $200,000. Beginning balances in Accounts Receivable and Accounts Payable were $15,000 and $20,000, respectively. Ending balances in these accounts were $12,000 and $22,000, respectively. Assuming that all relevant
information has been presented, CHIPOTLE HONEY VINAIGRETTE’s net cash flows from operating activities would be:

net income – accounts receivable + accounts payable 

200,000 = net income 
– (15,000) = accounts receivable 
+ 20,000 = account payable
= 205,000

what falls under operating activities? current assets & liabilities 
net income

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