You are the CFO for T&J inc. Together with T and J, the company’s two shareholders

You are the CFO for T&J inc. Together with T and J, the company’s two shareholders, you are examining the following statement of cash flows which they prepared for T&J inc. for the year ended January 31, 2015.T& J INC.Statement of Cash FlowsFor the Year Ended January 31, 2015Sources of cashFrom sales of merchandise$380,000From sale of capital stock410,000From sale of investment (purchased below)80,000From depreciation55,000From issuance of note for truck20,000From interest on investments6,000Total sources of cash951,000Uses of cashFor purchase of fixtures and equipment320,000For merchandise purchased for resale258,000For operating expenses (including depreciation)160,000For purchase of investment75,000For purchase of truck by issuance of note20,000For purchase of treasury stock10,000For interest on note payable3,000Total uses of cash846,000Net increase in cash$105,000T claims that this statement of cash flows is an excellent portrayal of a superb first year with cash increasing $105,000. J replies that it was not a superb first year. Rather, he says, the year was an operating failure as the statement is presented incorrectly and $105,000 is not the actual increase in cash. The cash balance at the beginning of the year was $140,000.InstructionsA. Using the data provided, prepare a statement of cash flows using the indirect method. The only noncash item in the income statement is depreciation. The purchase/sale of the investment and any resulting gain/loss are investing (not operating) activities. Hint: You may need to figure out net income for the year.B. With whom do you agree, T or J? Explain your position.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Thanks to the Team
Customer 452919, March 22nd, 2022
The presentation slides were not narrated as asked per the instructions.
Customer 452623, September 28th, 2021
Best service hands down.
Customer 452995, January 24th, 2022
Nutrition, Hospitality & Human Services
Thank you for the revision.
Customer 452919, April 16th, 2024
Thank you for following the guidelines of discussion. Awesome! Hopefully the grade will be better than the first 2 discussions submitted. I was fearful when I received an email requesting to send a copy of the book. Please remember that I confirmed whether or not you all had access to the book before I submitted my first request for assistance.
Customer 452919, February 1st, 2023
Customer 452963, November 11th, 2021
Paper was received before time which I was quite please with.
Customer 453101, June 18th, 2022
Thank you!
Customer 452919, April 5th, 2022
Thanks to the entire team!
Customer 452919, December 8th, 2021
Social Work and Human Services
Thank you for presenting the paper n-time. The team is getting much better. I have used you guys for a at least 4 semesters and will continue throughout my college career.
Customer 452919, February 21st, 2024
Business Studies
I had no idea what to do here and you nailed it! Thank you so much!
Customer 453131, November 21st, 2022
Great paper thank you so much
Customer 452667, March 19th, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat