You are here required to compute Throttle Corporation's 2020 cash flow from operating activity; cash flow from investing activity; cash flow from financing activity. Place your answer at the bottom of the page. Here below please find income statement, balance sheet and other additional information about the company:

 

Additional information: Goodwill was impaired at the end of the year. A part of the equipment was sold for cash during the year. The bonds are repaid in yearly instalments. A cash dividend was declared; it was paid only in part during the year. What is Throttle Corporation's 2020 cash flow from operating activity? What is Throttle Corporation's 2020 cash flow from financing activity? What is Throttle Corporation's 2020 cash flow from operating activity?

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Balance sheet - ASSETS Cash Inventory Account receivables Prepaid expenses Goodwill Land Equipment (net) TOTAL ASSETS Sales revenues 2020 2019 COGS salaries and wages Interest expense Impairment loss Depreciation expense Gain on disposal of assets Income tax expense net income 24 6 4 T 4 21 18 INCOME STATEMENT 2020 87 77 70 -40 -12 -5 -11 264 2 258 122CO 2 15 15 21 24 85 Balance sheet - LIAB & EQ Accounts payable Income tax payable Interest payable Dividends payable Bonds payable Retained earnings Common stock TOTAL LIAB+STOCK EQ 2020 2019 11 17 10 6 3 25 508 18 4 77 783 82 33 20 85 Balance sheet - ASSETS Cash Inventory Account receivables Prepaid expenses Goodwill Land Equipment (net) TOTAL ASSETS Sales revenues 2020 2019 COGS salaries and wages Interest expense Impairment loss Depreciation expense Gain on disposal of assets Income tax expense net income 24 6 4 T 4 21 18 INCOME STATEMENT 2020 87 77 70 -40 -12 -5 -11 264 2 258 122CO 2 15 15 21 24 85 Balance sheet - LIAB & EQ Accounts payable Income tax payable Interest payable Dividends payable Bonds payable Retained earnings Common stock TOTAL LIAB+STOCK EQ 2020 2019 11 17 10 6 3 25 508 18 4 77 783 82 33 20 85

Answer rating: 100% (QA)

Cash Flow from Operating Activities Operating activities involve the core operations of the business including revenue and expenses We need to start w... View the full answer