Prepare Statement of Cash Flow for PetroFosil Corp. using the following data: (10 points) Cash at...
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Prepare Statement of Cash Flow for PetroFosil Corp. using the following data: (10 points) Cash at the beginning of the year $320,000 a. Classify the following transactions Cash Rececipts from: Sales S152,500 Interest $3,500 Cash payments for: Loan $25,000 Interest Expense $2,575 Stocks of Other Company $23,000 b. Fill the missing information: PetroFosil Corp. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2021 Increase (Decrease) in Cash Cash flows from operating activities: Net cash from operating activities Cash flows from investing activities: Net cash from investing activities Cash flows from financing activities: Net cash from financing activities Net increase in cash •Cash at beginning of year Cash- at end of year || Prepare Statement of Cash Flow for PetroFosil Corp. using the following data: (10 points) Cash at the beginning of the year $320,000 a. Classify the following transactions Cash Rececipts from: Sales S152,500 Interest $3,500 Cash payments for: Loan $25,000 Interest Expense $2,575 Stocks of Other Company $23,000 b. Fill the missing information: PetroFosil Corp. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2021 Increase (Decrease) in Cash Cash flows from operating activities: Net cash from operating activities Cash flows from investing activities: Net cash from investing activities Cash flows from financing activities: Net cash from financing activities Net increase in cash •Cash at beginning of year Cash- at end of year ||
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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