Business, 05.07.2020 17:01 ralucacoriciuc2482

Statement of cash flows On January 1, 2013, Palmetto, a fast-food company, had a balance in its Cash account of $32,000. During the 2013 accounting period, the company had (1) net cash inflow from operating activities of $15,600, (2) net cash outflow for investing activities of $23,000, and (3) net cash outflow from financing activities of $4,500.

Required

a. Prepare a statement of cash flows.

b. Provide a reasonable explanation as to what may have caused the net cash inflow from operating activities.

c. Provide a reasonable explanation as to what may have caused the net cash outflow from investing activities.

d. Provide a reasonable explanation as to what may have caused the net cash outflow from financing activities.

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Statement of cash flows On January 1, 2013, Palmetto, a fast-food company, had a balance in its Cas...

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