Question: Question 1: Calculate cash flow from operating activities using the following information: Cash sales: $10,000 Credit sales: $15,000 Cash received from prior credit sales: $8,000

Question 1:Calculate cash flow from operating activities using the following information:

  • Cash sales: $10,000
  • Credit sales: $15,000
  • Cash received from prior credit sales: $8,000
  • Rent paid: $3,000
  • Inventory purchased: $6,000
  • Wages paid:$5,000

Question 2:Categorize the following cash flows as to whether they are operating, investing, or financing activities:

  • Taxes paid
  • Dividends paid to shareholders
  • Interest paid on loans
  • Dividends received on investments
  • Cash sales
  • Purchase of new office furniture

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