Cash Flow Statement for the Year 2022 CASH FROM GROSS WAGES 2,362,000.00 CASH PAID FOR: Income tax
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Question:
Cash Flow Statement for the Year 2022
CASH FROM GROSS WAGES | 2,362,000.00 | |
CASH PAID FOR: | ||
Income tax & deduction | 156,000.00 | |
Housing Loan Interest | 66,000.00 | |
Water bill | 12,000.00 | |
Electricity | 66,000.00 | |
Credit Card | 360,000.00 | |
Food & Dinning | 120,000.00 | |
Car Loan Interest | 102,000.00 | |
Car expenses (maintenance) | 24,000.00 | |
Insurance | 240,000.00 | |
Clothing & personal care | 180,000.00 | |
Travel | 200,000.00 | |
Internet & cable TV | 30,000.00 | |
Children Tuition Fee | 150,000.00 | |
Other expenses | 30,000.00 | |
OPERATING CASH FLOWS | 1,736,000.00 | |
Housing Loan | 114,000.00 | |
Car loan | 234,000.00 | |
FINANCING CASH FLOWS | 348,000.00 | |
NET CASH FLOW | 278,000.00 |
Kindly answer the following individual questions:
- What, if any, were the cash flows from financing and the cash flows from investing?
- Which of your cash flows are recurring, and which are nonrecurring?
- What does your cash flow statement tell you about your current financial situation?
- If you wanted to increase your liquidity, what would you try to change about your cash flows?
Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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