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Below are cash transactions for Goldman Incorporated, which provides consulting services related to minir precious metals. Required: Calculate cash flows from operating activities. (List cash
Below are cash transactions for Goldman Incorporated, which provides consulting services related to minir precious metals. Required: Calculate cash flows from operating activities. (List cash outflows as negative amounts.) a. Cash used for purchase of office supplies, $2,350. b. Cash provided from consulting to customers, $50,100. c. Cash used for purchase of mining equipment, $82,000. d. Cash provided from long-term borrowing, $69,000. e. Cash used for payment of employee salaries, $24,900. f. Cash used for payment of office rent, $12,900. g. Cash provided from sale of equipment purchased in c. above, $23,400. h. Cash used to repay a portion of the long-term borrowing in d. above, $44,500. i. Cash used to pay office utilities, $5,200. Purchase of company vehicle, paying $10,900 cash. Cash flows from operating activities Amount Included in Operating Cash Flows $ (2,350) +
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