Question: From Vicky Subbaraos statements of financial position shown below, identify whether each account is an outflow of cash or an inflow ofcash. This Year Last
From Vicky Subbaraos statements of financial position shown below, identify whether each account is an outflow of cash or an inflow ofcash.
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This Year Last Year Cash Inflows Cash Outflows Assets $136,000 _ House Cottage Land Car Computers 65,000 0,000 12,000 6,000 7,500 3,000 Savings bonds 5,000 RRSP 20,000 16,000 Cash 2,000 Total assets Equity Liabilities S256,500 $209.000 $105,000 92,000 Mortgage Bank of Montreal Bank loan Visa Sears 112,000 99,000 21,000 11,000 3,000 2,000 14,000 1,500 3,000 Total liabilities 151,500 117,000 Total equity and liabilities $256.500 $209,000 -- $ - -
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