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The following information is available for Toker Company:


Dec 31, 2014

Dec 31, 2013

Cash

$140,000

$ 97,000

Retained earnings

665,000

542,000

Cash from operating activities

?


Cash from investing activities

(481,000)


Cash from financing activities

(285,000)


Dividends declared and paid

47,000


Net income

?


1-1. What is net income?

1-2. What is cash from operating activities?

1-3. What is the most stage of the business life cycle is this company in, and why?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9947914

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