Question
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. a. Cash used for purchase of office supplies,
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $1,450. b. Cash provided from consulting to customers, $41,100. c. Cash used for purchase of mining equipment, $64,000. d. Cash provided from long-term borrowing, $51,000. e. Cash used for payment of employee salaries, $23,100. f. Cash used for payment of office rent, $11,100. g. Cash provided from sale of equipment purchased in c. above, $21,600. h. Cash used to repay a portion of the long-term borrowing in d. above, $35,500. i. Cash used to pay office utilities, $3,400. j. Purchase of company vehicle, paying $9,100 cash and borrowing $14,100
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals a. Cash used for purchase of office supplies, $1,450 b. Cash provided from consulting to customers, $41,100 c. Cash used for purchase of mining equipment, $64,000 d. Cash provided from long-term borrowing, $51,000 e. Cash used for payment of employee salaries, $23,100 f. Cash used for payment of office rent, $11,100 g. Cash provided from sale of equipment purchased in c. above, $21,600 h. Cash used to repay a portion of the long-term borrowing in d. above, $35,500 i. Cash used to pay office utilities, $3,400 j. Purchase of company vehicle, paying $9,100 cash and borrowing $14,100 Required Calculate cash flows from investing activities. (List cash outflows as negative amounts.) Cash provided from long-term borrowing Cash used to repay a portion of the long-term borrowing 51,000 (35,500) 14,100 urchase of company vehicle Cash flows from investing activities 29,600Step by Step Solution
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