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Question: Computing the change in cash; identifying non-cash transactions Brianna's Wedding Shops earned net income of $25,000, which included depreciation of $16,000. Brianna's acquired a $116,000 building by borrowing $116,000 on a long-term note payable.

Requirements: 1. How much did Brianna's cash balance increase or decrease during the year?

2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92648835

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