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X / x Marlett Company Statement of Cash Flows For the Year Ended Dec . 31 2008 Operating Activities Net Income $50 01 Depreciation Expense . 500...
Need help to see if I made any mistake, please advise. (I coloured the coherence relation in the way how I understand them)
Based on the information in the Table below, prepare a statement of cash flows for 2008. Assume that there were no changes in any other asset or liability accounts, and that the ending cash balance for 2007 was $50.
Cash flow from financing activities
Cash flow from financing activities--------$0
Net changes in cash -------------------------$5,300
Beginning cash balance---------------------$50
Ending cash balance-------------------------$5,350
Answer:
Marlett Company
Statement of Cash Flows For the Year Ended Dec. 31, 2008
*** My confusion is specially about the "Dividend Paid", as "Net income = profits or losses earned a period of time. Retained earnings = Cumulative net income minus cumulative dividends paid to shareholders. Therefore, logic follows that the amount paid out in dividends is equal to net income minus the change in retained earnings for any period of time.", so did I put it right in my Answer and Elaboration?
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- Attachment 2
