Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides...
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Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. A B C D E F G H 1 J 16. S 17. S 18. S 19. S 20. S Transaction Cash used for payment of employee salaries Cash provided from sale of equipment that had been used in operations Cash used for purchase of office supplies Cash used for purchase of office equipment Cash used to pay office utilities Cash used for payment of office rent Cash provided from consulting customers Cash provided from long-term borrowing Cash used to pay the bank for a loan due this month Purchase of company vehicle paying 10% cash and borrowing the rest. Amount of Transaction $300,000 100,000 10,000 125,000 30,000 40,000 450,000 200,000 100,000 75,000 Refer to transaction J, how much should be included in cash used from investing activities? Determine the net cash flows from operating activities (include if needed) if needed) Determine the net cash flows from Investing activities (include - Determine the net cash flows from financing activities (include if needed) How much did cash change over the year? Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. A B C D E F G H 1 J 16. S 17. S 18. S 19. S 20. S Transaction Cash used for payment of employee salaries Cash provided from sale of equipment that had been used in operations Cash used for purchase of office supplies Cash used for purchase of office equipment Cash used to pay office utilities Cash used for payment of office rent Cash provided from consulting customers Cash provided from long-term borrowing Cash used to pay the bank for a loan due this month Purchase of company vehicle paying 10% cash and borrowing the rest. Amount of Transaction $300,000 100,000 10,000 125,000 30,000 40,000 450,000 200,000 100,000 75,000 Refer to transaction J, how much should be included in cash used from investing activities? Determine the net cash flows from operating activities (include if needed) if needed) Determine the net cash flows from Investing activities (include - Determine the net cash flows from financing activities (include if needed) How much did cash change over the year?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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