Question: 1 .Identify and classify each transaction according to the type of activities to which they respectively belong. Put O for Operating, I for Investing, and
1.Identify and classify each transaction according to the type of activities to which they respectively belong. Put O for Operating, I for Investing, and F for Financing.
- Proceeds from issuance of debt and equity instruments.
- Payments to acquire trading securities.
- Payments to acquire securities other than trading securities.
- Payments to acquire PPE, intangibles, and other long-term assets.
- Receipts from sale of goods and rendering of services.
- Payments to owners to acquire or redeem shares.
- Receipts from royalties, fees, commission and other revenues.
- Payment for futures contracts and interests in joint ventures.
- Payment to suppliers for goods and services.
- Cash advances and loans made by non-financial entities.
- Cash advances and loans made by financial entities.
- Payments by a lessee for finance lease liability.
- Income tax payments and refunds
2.
Jigsaw Inc. provided the following data for the current year.
Cash balance, beginning of the year $1,300,000
Cash flow from financing activities 1,000,000
Total shareholders' equity, end of the year 2,300,000
Cash flow from operating activities 400,000
Cash flow from investing activities (1,500,000)
Total Shareholders' equity, beginning of the year 2,000,000
What is the cash balance at the end of the current year?
3.Hot Fusion revealed the following information for the current year.
Cash received from customers $8,700,000
Rent received 100,000
Cash paid to suppliers and employees 5,100,000
Taxes paid 1,100,000
Cash dividends paid 300,000
What is the net cash provided by operating activities for the current year?
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