Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(4): Amr Corporation reports: ( 10 marks) Cash provided by Operating activities L.E. 540000 Cash provided by Investing activities L.E. 105000 Cash provided by Financing
(4): Amr Corporation reports: ( 10 marks) Cash provided by Operating activities L.E. 540000 Cash provided by Investing activities L.E. 105000 Cash provided by Financing activities L.E. (170000) Beginning cash balance L.E. 125000 Required: 1- determine the Ending cash balance for Amr Corporation. 2- Any loss on sale is ............. To net income in the operating activities Whileany gain on sale is ........... from net income in the operating activities (Complete the above). (B): Hosary Corporation reports the following information during 2020:( 10marks) Net income L.E. 145000 o Depreciation expense 16000 o Decrease in Accounts Receivable 14000 Increase in Accounts Payable 13000 o losses from Selling of equipment 7000 Required: 1- Prepare and Calculate the cash flow from Operating Activities during 2020. 2- The selling price is determined considering the investment activities by adjusting .......... by the gains or losses from the sale.(Complete the above). (9: Salem corporation reports the following informationduring 2019:(10 marks) Cash provided by operating activities L.E. 83000 Cash provided by financing activities L.E. (12000) If you know that: Dec. 31. 2019 Dec.31.2018 Long term 28000 25000 investment The income statement for the year 2019 includes: . Gains on sale of investmentsL.E. 6000. The company purchased investments L.E 10,000 cash. Required: Prepare a statement of cash flows for Salem corporation
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