The following list of cash flows was taken from the Camber City airport fund?s statement of cash flows. All amounts are in thousands.

REQUIRED:

Put these cash flow amounts in the form of a cash flows statement for the airport. Calculate and include a line for cash on hand at the end of the period.

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Cash on hand, beginning of year Operating lease receipts...... Interest received from investments. Wages and salaries paid.. Purchases of supplies..... .$ 122 2,650 ..25 ..915 1,025 Collections (for services) from other funds of the city.......290 Interest paid on long-term capital debt.. Purchases of capital assets... Proceeds of revenue bonds to acquire capital assets.. Purchases of investments.. Proceeds from sale of capital assets. Proceeds from sales of investments.. Capital lease payments... Operating grants received... Proceeds from line of credit (used for Capital contribution from airline.... Interest paid on line of credit....... 175 1,725 .1.200 ..725 .55 ....880 100 500 operations)............375 125 Cash on hand, beginning of year Operating lease receipts...... Interest received from investments. Wages and salaries paid.. Purchases of supplies..... .$ 122 2,650 ..25 ..915 1,025 Collections (for services) from other funds of the city.......290 Interest paid on long-term capital debt.. Purchases of capital assets... Proceeds of revenue bonds to acquire capital assets.. Purchases of investments.. Proceeds from sale of capital assets. Proceeds from sales of investments.. Capital lease payments... Operating grants received... Proceeds from line of credit (used for Capital contribution from airline.... Interest paid on line of credit....... 175 1,725 .1.200 ..725 .55 ....880 100 500 operations)............375 125

Answer rating: 100% (QA)

Camber City Airport Statement of Cash Flows Cash flows from operating activities Operating lease rec... View the full answer