Friday 9 November 2012

Following is selected financial information of Trimark for the year ended December 31, 2011. Financial Statements

Following is selected financial information of Trimark for the year ended December 31, 2011.
Financial Statements

    
  Cash used by investing activities $ (1,750 )
  Net increase in cash   550  
  Cash used by financing activities   (2,550 )
  Cash from operating activities   4,850  
  Cash, December 31, 2010   3,900  


Required:
Prepare the 2011 statement of cash flows for Trimark Company. (Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.)

Trimark
Statement of Cash Flows
For Year Ended December 31, 2011
  Cash from operating activities correct $ 4,850 correct  
  Cash used by investing activities correct -1,750 correct  
  Cash used by financing activities correct -2,550 correct  
  
  Net increase in cash correct $ 550 correct  
  Cash, December 31, 2010 correct 3,900 correct  
  
  Cash, December 31, 2011 correct $ 4,450 correct  
  

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