Use CompuTech's financial statements to identify whether the following changes are cash inflows or cash outfloes. 2014
Question:
Use CompuTech's financial statements to identify whether the following changes are cash inflows or cash outfloes.
2014 2013
Property, plant & equipment 210.000 170.000
Trade Receivables 45.000 35.000
Cash and cash equivalents 21.000 15.000
Long Term borrowings 50.000 60.000
Short term borrowings 35.000 30.000
Why does the textbook solution state that CASH is an outflow as seen in their solution here
identifying the inflows and outflows of cash
Use CompuTech’s financial statements to identify whether the following changes are cash inflows or cash outflows.
In $ 2014 2013 Cash Inflows Cash Outflows
Property, plant, and equipment 210,000 170,000 ---- 40,000
Trade receivables 45,000 35,000 ---- 10,000
Cash and cash equivalents 21,000 15,000 ---- 6,000
Long-term borrowings 50,000 60,000 ---- 10,000
Short-term borrowings 35,000 30,000 5,000 ----
Total 5,000 66,000
Expert Answer:
