Bay View Company reported the following information at the end of its most recent fiscal year. Cash
Question:
Bay View Company reported the following information at the end of its most recent fiscal year.
Cash paid for fire insurance ..........$ 5,000
Cash paid for dividends ............. 22,600
Cash paid to suppliers of inventory ....... 119,850
Cash paid for interest ............. 3,750
Cash collected from customers ......... 187,200
Cash received from disposal of equipment .... 38,000
Cash paid for utilities ............. 9,400
Cash paid to employees ............31,500
Cash paid for equipment ............ 65,100
Determine each of the following amounts. Show your work neatly and clearly.
a. Net cash flow from operating activities (direct format)
b. Net cash flow from financing activities
c. Net cash flow from investing activities
Step by Step Answer:
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright