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Financial & Managerial Accounting
Found in: Page 305
Financial & Managerial Accounting

Financial & Managerial Accounting

Book edition 7th
Author(s) John J Wild, Ken W. Shaw, Barbara Chiappetta
Pages 1096 pages
ISBN 9781259726705

Short Answer

Apple’s statement of cash flows in Appendix A describes changes in cash and cash equivalents for the year ended September 26, 2015. What total amount is provided (used) by investing activities? What amount is provided (used) by financing activities?

Answer

Cash used in investing activities $(56,274) and Cash used in financing activities $(17,716)

See the step by step solution

Step by Step Solution

Step-by-Step SolutionStep 1: Introduction to topic

Investing activities- Investing activities are fundamental categories of net cash activities that organizations report on the cash flow statement. Investing activities in bookkeeping allude to buying and selling long-term assets and non-current investments of the business within a particular period.

Step 2: The total amount provided-

Cash Flow Activities

2015

Cash used in investing activities

$(56,274)

Cash used in financing activities

$(17,716)

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