Question
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. Cash used for purchase of office supplies, $1,400.
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
- Cash used for purchase of office supplies, $1,400.
- Cash provided from consulting to customers, $40,600.
- Cash used for purchase of mining equipment, $63,000.
- Cash provided from long-term borrowing, $50,000.
- Cash used for payment of employee salaries, $23,000.
- Cash used for payment of office rent, $11,000.
- Cash provided from sale of equipment purchased in c. above, $21,500.
- Cash used to repay a portion of the long-term borrowing in d. above, $35,000.
- Cash used to pay office utilities, $3,300.
- Purchase of company vehicle, paying $9,000 cash.
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
- Cash used for purchase of office supplies, $1,400.
- Cash provided from consulting to customers, $40,600.
- Cash used for purchase of mining equipment, $63,000.
- Cash provided from long-term borrowing, $50,000.
- Cash used for payment of employee salaries, $23,000.
- Cash used for payment of office rent, $11,000.
- Cash provided from sale of equipment purchased in c. above, $21,500.
- Cash used to repay a portion of the long-term borrowing in d. above, $35,000.
- Cash used to pay office utilities, $3,300.
- Purchase of company vehicle, paying $9,000 cash.
Required:
Calculate cash flows from investing activities. (List cash outflows as negative amounts.)
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
- Cash used for purchase of office supplies, $1,400.
- Cash provided from consulting to customers, $40,600.
- Cash used for purchase of mining equipment, $63,000.
- Cash provided from long-term borrowing, $50,000.
- Cash used for payment of employee salaries, $23,000.
- Cash used for payment of office rent, $11,000.
- Cash provided from sale of equipment purchased in c. above, $21,500.
- Cash used to repay a portion of the long-term borrowing in d. above, $35,000.
- Cash used to pay office utilities, $3,300.
- Purchase of company vehicle, paying $9,000 cash.
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
- Cash used for purchase of office supplies, $1,400.
- Cash provided from consulting to customers, $40,600.
- Cash used for purchase of mining equipment, $63,000.
- Cash provided from long-term borrowing, $50,000.
- Cash used for payment of employee salaries, $23,000.
- Cash used for payment of office rent, $11,000.
- Cash provided from sale of equipment purchased in c. above, $21,500.
- Cash used to repay a portion of the long-term borrowing in d. above, $35,000.
- Cash used to pay office utilities, $3,300.
- Purchase of company vehicle, paying $9,000 cash.
Required:
Calculate cash flows from investing activities. (List cash outflows as negative amounts.)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
