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Following is selected financial information of Kia Company for the year ended December 31, 2017.

a. Cash used by investing activities $(2,000 )
b. Net increase in cash 1,200
c. Cash used by financing activities (2,800 )
d. Cash from operating activities 6,000 Cash, December 31, 2016 2,300

Required:
Prepare the 2017 year-end statement of cash flows for Kia Company.

Respuesta :

Tundexi

Answer:

                             KIA COMPANY

                    Statement of cash Flows

            For Year Ended December 31, 2019

Cash from operating activities (i)               $6,000

Cash used by investing activities (ii)        -$2,000

Cash used by financing activities (iii)       -$2,800

Net increase in cash (i-ii-iii)                       $1,200

Cash, December 31, 2016                          $2,300

Cash, December 31, 2017                         $3,500

Closing cash balance for 2017 is $3,500

anthougo

The preparation of the 2017 year-end Statement of Cash Flows for Kia Company is as follows:

Statement of Cash Flows

For the year ended December 31, 2017

Cash from operating activities        $6,000

Cash used by financing activities    (2,800)

Cash used by investing activities    (2,000)

Net cash flows                                $1,200

Cash Balance Reconciliation:

Beginning cash balance $2,300

Net increase in cash         1,200

Ending cash balance     $3,500

Learn more about the statement of cash flows at https://brainly.com/question/735261

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