The following list of cash ows was taken from the statement of cash ows of Grand Junctions

Question:

The following list of cash flows was taken from the statement of cash flows of Grand Junction’s internal service fund (with all amounts expressed in thousands):

Cash on hand at beginning of year ..... $ 122

Interest from investments ...................... 45

Wages and salaries paid .................... (3,470)

Purchases of supplies ....................... (1,650)

Collections (for services) from other funds . 6,380

Interest on long-term debt ........................ (150)

Repayment of loans to other funds ..... (880)

Purchase of capital assets .................... (900)

Proceeds of revenue bonds .................. 800

Purchases of investments ................... (440)

Proceeds from sale of capital assets ....... 23

Proceeds from sale of investments ......... 33

Loans from other funds ........................... 600


Recast the list into a statement of cash flows, adding a line for cash on hand at the end of the year.


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: