Question: PLS ANSWER ASAP! Will upvote! Thank You! Given below are the balance sheets as of Dec 31,1979 and Dec 31,1980 as well as the income

PLS ANSWER ASAP! Will upvote! Thank You!  PLS ANSWER ASAP! Will upvote! Thank You! Given below are the
balance sheets as of Dec 31,1979 and Dec 31,1980 as well as

Given below are the balance sheets as of Dec 31,1979 and Dec 31,1980 as well as the income statement. depreciation of this machine at the time of the sale was 8M. Mhe non. nue accumurared full payment was received in cash. Yearly amertize was 8M. The machine was sold for 6M and Do a funds flow statement on cash basis: OPERATING ACTIVITIES \begin{tabular}{|l|l|l|l|} \hline Sources of Cash & Amount & Uses of Cash & Amount \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline NET CASH GENERATED BY OPERATING ACTIVITIES = & Amount \\ \hline INVESTING ACTIVITIES & Amount & Uses of Cash & \\ \hline Sources of Cash & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline NET CASH GENERATED BY INVESTING ACTIVITIES = & \\ \hline Sources of Cash & Amount & Uses of Cash & \\ \hline & & \\ \hline \end{tabular} Given below are the balance sheets as of Dec 31,1979 and Dec 31,1980 as well as the income statement. depreciation of this machine at the time of the sale was 8M. Mhe non. nue accumurared full payment was received in cash. Yearly amertize was 8M. The machine was sold for 6M and Do a funds flow statement on cash basis: OPERATING ACTIVITIES \begin{tabular}{|l|l|l|l|} \hline Sources of Cash & Amount & Uses of Cash & Amount \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline NET CASH GENERATED BY OPERATING ACTIVITIES = & Amount \\ \hline INVESTING ACTIVITIES & Amount & Uses of Cash & \\ \hline Sources of Cash & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline NET CASH GENERATED BY INVESTING ACTIVITIES = & \\ \hline Sources of Cash & Amount & Uses of Cash & \\ \hline & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!