Question

Suppose Ruston Company had the following results related to cash flows for 2020: Net Income of $9,100,000 Adjustments from Operating Activities of $1,100,000 Net Cash Flow from Investing Activities of -$4,300,000 Net Cash Flow from Financing Activities of $3,400,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow

Answer 1

Answer:

The Net Cash Flow is $9,300,000.

Explanation:

A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:

                             Ruston Company

                       Statement of Cash Flows

                              For the Year 2020

Details                                                                    $'000    

Net Income                                                            9,100

Adjustments from Operating Activities                1,100  

Net Cash Flow from Operating Activities         10,200

Net Cash Flow from Investing Activities           (4,300)

Net Cash Flow from Financing Activities of      3,400  

Net Cash Flow                                                     9,300  

Since the amount is in thousands, that implies that  the Net Cash Flow is $9,300,000.