Following is selected financial information of Kia Company for the year ended December 31, 2017. a. Cash used by investing activities $(2,000 )
b. Net increase in cash 1,200
c. Cash used by financing activities (2,800 )
d. Cash from operating activities 6,000 Cash, December 31, 2016 2,300

Required:
Prepare the 2017 year-end statement of cash flows for Kia Company.

                             KIA COMPANY

                    Statement of cash Flows

            For Year Ended December 31, 2019

Cash from operating activities (i)               $6,000

Cash used by investing activities (ii)        -$2,000

Cash used by financing activities (iii)       -$2,800

Net increase in cash (i-ii-iii)                       $1,200

Cash, December 31, 2016                          $2,300

Cash, December 31, 2017                         $3,500

Closing cash balance for 2017 is $3,500

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: