Based on the following information, compute cash flows from investing activities: Cash collections from customers Purchase...
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Based on the following information, compute cash flows from investing activities: Cash collections from customers Purchase of used equipment Depreciation Expense Sale of investments Dividends Received Interest Received 5 What is "net cash flow from Investing Activities"? Classifications of $$$ flows (8 minutes) 7 8 Purchase new equipment by signing a promissory note 9 Recorded and paid income taxes to the federal government 20 Issued shares of stock for cash 21 Prepaid rent for the following period 2 Recorded an adjusting entry for expiration of prepaid insurance 23 Paid cash to purchase new equipment 24 Issued long-term debt for cash 25 Collected payments on account from customers 26 Recorded and paid salaries to employees 27 Bought used equipment for cash 28 Declared and paid cash dividends to stockholders 29 Recorded and paid interest on debt to creditors 30 Repaid principal on loan from bank 31 Made payment to suppliers for previous purchases on account 32 800 200 200 450 100 200 Op, Inv, Fin or No cash flow Op, Inv, Fin or No cash flow Inflow or Outflow Inflow or Outflow Based on the following information, compute cash flows from investing activities: Cash collections from customers Purchase of used equipment Depreciation Expense Sale of investments Dividends Received Interest Received 5 What is "net cash flow from Investing Activities"? Classifications of $$$ flows (8 minutes) 7 8 Purchase new equipment by signing a promissory note 9 Recorded and paid income taxes to the federal government 20 Issued shares of stock for cash 21 Prepaid rent for the following period 2 Recorded an adjusting entry for expiration of prepaid insurance 23 Paid cash to purchase new equipment 24 Issued long-term debt for cash 25 Collected payments on account from customers 26 Recorded and paid salaries to employees 27 Bought used equipment for cash 28 Declared and paid cash dividends to stockholders 29 Recorded and paid interest on debt to creditors 30 Repaid principal on loan from bank 31 Made payment to suppliers for previous purchases on account 32 800 200 200 450 100 200 Op, Inv, Fin or No cash flow Op, Inv, Fin or No cash flow Inflow or Outflow Inflow or Outflow
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Answer Based on the information provided lets classify each cash flow as ope... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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