Question
5 On the basis of the information given in the picture below, prepare a statement of cash flows in a form consistent with generally accepted
5 On the basis of the information given in the picture below, prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $7,200. (Non-anonymous question) (10 Points) Revenues: Services provided to customers.. Investment by stockholders. Loan from bank Expenses: Payments to long-term creditors... Expenses required to provide services to customers... Purchase of land... Net loss $15,000 5,000 15,000 $35,000 $11,700 7,800 16,000 35,500 $ 500
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