k t 3 ences Revise your Statement of Cash Flows based on the new information...
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k ▪ t 3 ences Revise your Statement of Cash Flows based on the new information provided below and then answer the questions that follow. (Note: You do not need to upload your revised worksheet for Part 2.) Beginning cash balance Collections from customers Sale of building for cash Bank borrowing Sales to customers on account. Purchase of materials on account. Purchase of equipment with a promissory note to pay later Required: 1. What is the Cash balance at the end the year? Cash balance $ 51,600 Payment of salaries 178,800 92,500 60,500 165,800 Payment of advertising expense 119,500 Purchase of equipment for cash 39,600 Payment for materials Net operating cash flow Issuance of Common Stock for cash Payment of office rent Payment of dividenda 2. What is the Net operating cash flows? (Negative values should be indicated with a minus sign.) $ 15,900 41,900 13,100 58,100 25,500 17,200 243,300 ces 3. What is the Net investing cash flows? (Negative values should be indicated with a minus sign.) Net investing cash flow 4. What is the Net financing cash flows? (Negative values should be indicated with a minus sign.) Net financing cash flow 5. What was the signficant difference between the preparation of this Statement of Cash Flows and the one completed in Part 1? O There was no significant difference between the two. O The information provided included non-cash transactions which are not inlcuded on the Statement of Cash Flows. O The Statement of Cash Flows could not be completed based on the information provided. k ▪ t 3 ences Revise your Statement of Cash Flows based on the new information provided below and then answer the questions that follow. (Note: You do not need to upload your revised worksheet for Part 2.) Beginning cash balance Collections from customers Sale of building for cash Bank borrowing Sales to customers on account. Purchase of materials on account. Purchase of equipment with a promissory note to pay later Required: 1. What is the Cash balance at the end the year? Cash balance $ 51,600 Payment of salaries 178,800 92,500 60,500 165,800 Payment of advertising expense 119,500 Purchase of equipment for cash 39,600 Payment for materials Net operating cash flow Issuance of Common Stock for cash Payment of office rent Payment of dividenda 2. What is the Net operating cash flows? (Negative values should be indicated with a minus sign.) $ 15,900 41,900 13,100 58,100 25,500 17,200 243,300 ces 3. What is the Net investing cash flows? (Negative values should be indicated with a minus sign.) Net investing cash flow 4. What is the Net financing cash flows? (Negative values should be indicated with a minus sign.) Net financing cash flow 5. What was the signficant difference between the preparation of this Statement of Cash Flows and the one completed in Part 1? O There was no significant difference between the two. O The information provided included non-cash transactions which are not inlcuded on the Statement of Cash Flows. O The Statement of Cash Flows could not be completed based on the information provided.
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Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date:
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