Question
21 2 pts 21. In response to a banker's request, Flow Tinaway Company's accountant prepared the following cash flow information for the year ending December
21 2 pts 21. In response to a banker's request, Flow Tinaway Company's accountant prepared the following cash flow information for the year ending December 31, 2010. Beginning cash balance Add: Cash receipts Receipts from customers (21) 900,000 Proceeds from sale of land (22) 30,000 Proceeds from stock issuance (23) 500,000 $100,000 Proceeds from long-term bank loan (24) 70,000 1,500,000 1,600,000 Deduct: Cash disbursements Payments to suppliers (25) 300,000 Payments to employees (26) 200,000 Payments for interest (27) 25,000 Payments for dividends (28) 75,000 Re-payment of mortgage note (29) 100,000 Purchase of building (30) 700,000 1,400,000 Ending cash balance $200,000 Ending cash balance Required: For each number, indicate whether the cash flow is (a) an operating activity, (b) an investing activity, (c) financing activity, or (d) none. 31. Receipts from customers (31) none investing operating financing Question 22 (22) Proceeds from sale of land (22) operating investing financing none Question 23 (23) Proceeds from stock issuance (23) financing none investing operating 2 pts 2 pts Question 24 24. Proceeds from long-term bank loan (24) operating financing none investing Question 25 25. Payments to suppliers (25) financing operating investing none 2 pts 2 pts Question 26 26. Payments to employees (26) none operating investing financing Question 27 27. Payments for interest (27) operating investing none financing 2 pts 2 pts Question 28 28. Payments for dividends (28) financing investing operating none Question 29 29. Re-payment of mortgage note (29) investing financing none operating 2 pts 2 pts Question 30 30. Purchase of building (30) operating O financing none investing 2 pts
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