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Complete the statement of sources and uses of cash from the following entries: Net income $ 2,300 Dividends 600 Additions to inventory 200 Additions to receivables 230 Depreciation 170 Reduction...

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Finance

Complete the statement of sources and uses of cash from thefollowing entries:

Net income$2,300
Dividends600
Additions toinventory200
Additions toreceivables230
Depreciation170
Reduction inpayables630
Net issuance oflong-term debt380
Sale of fixedassets140

Answer & Explanation Solved by verified expert
3.6 Ratings (469 Votes)

Please see the table below:

Sources $
Issued long-term debt                 380
Sale of fixed assets                 140
Cash from operations:
Net income             2,300
Depreciation                 170
Total sources             2,990
Uses
Additions to inventory                 200
Increase in accounts receivable                 230
Decrease in accounts payable                 630
Payment of dividends                 600
Total uses             1,660

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Transcribed Image Text

Complete the statement of sources and uses of cash from thefollowing entries:Net income$2,300Dividends600Additions toinventory200Additions toreceivables230Depreciation170Reduction inpayables630Net issuance oflong-term debt380Sale of fixedassets140

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