Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious...
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Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. Required: Calculate cash flows from investing activities. (List cash outflows as negative amounts.) a. Cash used for purchase of office supplies, $1,850. b. Cash provided from consulting to customers, $45,100. c. Cash used for purchase of mining equipment, $72,000. d. Cash provided from long-term borrowing, $59,000. e. Cash used for payment of employee salaries, $23,900. f. Cash used for payment of office rent, $11,900 g. Cash provided from sale of equipment purchased in c. above, $22,400. h. Cash used to repay a portion of the long-term borrowing in d. above, $39,500. i. Cash used to pay office utilities, $4,200. j. Purchase of company vehicle, paying $9,900 cash. Cash flows from investing activities Amount Included in Investing Cash Flows Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. Required: Calculate cash flows from investing activities. (List cash outflows as negative amounts.) a. Cash used for purchase of office supplies, $1,850. b. Cash provided from consulting to customers, $45,100. c. Cash used for purchase of mining equipment, $72,000. d. Cash provided from long-term borrowing, $59,000. e. Cash used for payment of employee salaries, $23,900. f. Cash used for payment of office rent, $11,900 g. Cash provided from sale of equipment purchased in c. above, $22,400. h. Cash used to repay a portion of the long-term borrowing in d. above, $39,500. i. Cash used to pay office utilities, $4,200. j. Purchase of company vehicle, paying $9,900 cash. Cash flows from investing activities Amount Included in Investing Cash Flows
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ANSWER To calculate the cash flows from investing activities we need to subtract the cash ou... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
Posted Date:
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