Solution-Explain a statement of cash flows for waterway

Explain a statement of cash flows for waterway industries

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Reference no: EM132622571

Suppose the following data are derived from the 2017 financial statements of Waterway Industries. (All dollars are in millions.) Waterway Industries has a December 31 year-end.

Cash balance, January 1, 2017.	$1,430
Cash paid for repayment of debt	$118
Cash received from issuance of common stock	$140
Cash received from issuance of long-term debt.	$490
Cash received from customers.	$9,840
Cash paid for property and equipment.	$1,470
Cash paid for dividends	$20
Cash paid for repurchase of common stock	$1,050
Cash paid for goods and services	$7,010

Question 1: Explain a statement of cash flows for Waterway Industries for the year ended December 31, 2017. (List negative amounts either with a negative sign preceding the number e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in millions, e.g. 45,000,000 would be entered as 45.)

Reference no: EM132622571

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Explain a statement of cash flows for waterway industries

Reference no: EM132622571

Reference no: EM132622571

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