Compute the cash provided or used for the operating activities section, investing activities section and the financing activities section from the following information: (20)

 

• Sold equipment for $ 30 700 cash
• Net income on the accrual basis is $ 45 960
• Net income converted to a cash basis is $ 78 200
• Issued common stock for $ 136 700 cash
• Paid dividends in cash $ 8 600
• Purchased land costing $ 580 000 with a down payment of $ 55 000 and a mortgage of $ 579 945.

 

NOTE:  Show all workings. Please pay attention to the correct format. 

Answer rating: 100% (QA)

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