Question: Use the transactions provided below to prepare a Cash Flow Statement Worksheet and answer the questions below. Transaction $ Received bank interest 400 Proceeds from

Use the transactions provided below to prepare a Cash Flow Statement Worksheet and answer the questions below.

Transaction

$

Received bank interest

400

Proceeds from sale of building

60 000

Receipt of dividend revenue

1 350

Shares issued and cash received

50 000

Payment of accounts payable

9 500

Purchase of equipment for cash

65 000

Cash sales

19 000

Depreciation expense

2 400

Payment of income tax

1 750

Payment of dividends

10 500

It will be necessary for you to prepare the Cash Flow Worksheet first to choose the correct solutions.

1. Calculate the total Operating inflow/outflow?

2. What is the total Investing inflow/outflow?

3. What is the total Financing inflow/outflow?

4. The profit/loss =

5. Calculate the total Net Cash from all activities?

6. Why would an entity prepare the cash flow statement?

7. What does "Net working capital" calculate?

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