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Cash Flow Statement Preparation Given the following cash flow information for LMN Corporation: Cash Receipts from Customers $160,000, Cash Payments for Operating Expenses $80,000, Cash
- Cash Flow Statement Preparation
Given the following cash flow information for LMN Corporation: Cash Receipts from Customers $160,000, Cash Payments for Operating Expenses $80,000, Cash Payments for Income Taxes $20,000, Cash Payments for Investments $30,000, and Cash Payments for Financing Activities $10,000. Prepare a cash flow statement for LMN Corporation in a table format.
Cash Flow Category | Amount |
---|---|
Cash Receipts from Customers | $160,000 |
Cash Payments for Operating Expenses | ($80,000) |
Cash Payments for Income Taxes | ($20,000) |
Cash Payments for Investments | ($30,000) |
Cash Payments for Financing Activities | ($10,000) |
____________________________ | _____________ |
Net Cash Flow from Operating Activities | $50,000 |
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