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From the following selected data, compute:

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Cash Flow Computations;From the following selected data, compute;1. Net cash flow provided (used) by operating activities.;2. Net cash flow provided (used) by investing activities.;3. Net cash flow provided (used) by financing activities.;4. Net increase (decrease) in cash during the year.;5. The cash balance at the end of the year.;Cash receipts from;Customers................................ $270,000;Investments by owners....................... 54,000;Sale of building............................ 90,000;Proceeds from bank loan..................... 60,000;Cash payments for;Wages................................... $ 82,000;Utilities................................... 3,000;Advertising................................ 4,000;Rent..................................... 36,000;Taxes.................................... 67,000;Dividends................................. 20,000;Repayment of principal on loan................. 40,000;Purchase of land............................ 106,000;Cash balance at beginning of year................ $386,000;2-33;Cash Flow Classifications;For each of the following items, indicate whether it would be classified and reported under;the operating activities (OA), investing activities (IA), or financing activities (FA) section of a;statement of cash flows;a. Cash receipts from selling merchandise;b. Cash payments for wages and salaries

 

Paper#27746 | Written in 18-Jul-2015

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