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Chapter 6: Q13DQ (page 305)

Samsung’s statement of cash flows in Appendix A reports the change in cash and equivalents for the year ended December 31, 2015. Identify the cash generated (or used) by operating activities, by investing activities, and by financing activities.

Short Answer

Expert verified

Answer

On December 31, 2015, the company's cash flow statement showed. Net cash generated from operating activities was $40,061,761; net cash used in investing activities $(27,167,787), and net cash used in financing activities $(6,573,509).

Step by step solution

01

Step-by-Step SolutionStep 1: Introduction to topic

Cash Flow Statement- A cash flow statement is a financial statement that shows the inflow and outflow of cash from different business activities.

02

Showing the amount from cash flow activities

Cash flow activities

2015

Net cash generated from operating activities

$40,061,761

Net cash used in investing activities

$(27,167,787)

Net cash generated(used) in financing activities

$(6,573,509)

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