Answered step by step
Verified Expert Solution
Question
1 Approved Answer
($120,000 were declared), collected $720,000 from customers, paid $360,000 to suppliers, paid $95,000 to employees, borrowed $400,000 on a bank loan, purchased buildings for $50,000,
($120,000 were declared), collected $720,000 from customers, paid $360,000 to suppliers, paid $95,000 to employees, borrowed $400,000 on a bank loan, purchased buildings for $50,000, sold land for $84,000 and paid taxes of $50,000. On a statement of cash flows, what is the net amount of cash to be reported as operating activities? inflow of $65,000 inflow of $115,000 inflow of $215,000 inflow of $465,000 outflow of $63,000 Question 21 1 pts Use the information for question # 20. On a statement of cash flows, what is the net amount of cash to be reported as investing activities? Inflow of $34.000 inflow of $78,000 inflow of $434,000 outflow of $32,000 outflow of $228,000 Question 22 1 pts Use the information for question # 20. On a statement of cash flows, what is the net amount of cash to be reported as financing activities? Inflow of $154,000 inflow of $304,000 inflow of $328,000 outflow of $34.000 outflow of $50,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started