Question

Selected financial information of Banji Company for the year ended December 31, 2017, follows.

Cash from investing activities . . . . . . . . . . . . . . . . . . . $1,600

Net increase in cash . . . . . . . . . . . . . . . . . . . . . . . . . . . 400

Cash from financing activities . . . . . . . . . . . . . . . . . . . 1,800

Cash used by operating activities . . . . . . . . . . . . . . . . (3,000)

Cash, December 31, 2016 . . . . . . . . . . . . . . . . . . . . . . 1,300

Required Prepare the 2017 year-end statement of cash flows for Banji Company

Short answer

A cash flow statement is a financial statement that reports the movement of cash throughout the business and the closing cash balance is $1,700

Step-by-step solution

Definition of cash flow statement

The financial statement which the inflow and outflow of cash throughout the year using cash is known as the statement of cash flow

Preparation of cash flow statement

Banji Company
Cash flow statement
December 31, 2017
	Amount ($)
Cash used in operating activities	-3,000
Cash from investing activities	1,600
Cash from financing activities	1,800
Net Increase in cash	400
Cash, December 31, 2016	1,300
Cash, December 31, 2017	1,700