Using the information below what was Bala Industries Cash F
Using the information below -- what was Bala Industries’ Cash Flow from Financing for the year ending 6/30/2011?
Increase in inventories $26
Purchased treasury stock $17
Purchased property & equipment $22
Net Income $340
Decrease in accrued income taxes $40
Depreciation & amortization $115
Decrease in accounts payable $17
Increase in accounts receivable $25
Increase in Long-term debt $102
Solution
the only categories here that fall under \"Cash Flow from Financing\" are the purchase of treasury stock, which is an outflow of $17, and an increase in long-term debt, which is an inflow of $102.
The other items fall under either cash flow from operations, from investing, or doesn\'t fall under any of them.
102 - 17 = $85
