Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 4-17B Calculate investing cash flows (L04-7) Below are cash transactions for a company, which provides consulting services related to mining of precious metals. a
Exercise 4-17B Calculate investing cash flows (L04-7) Below are cash transactions for a company, which provides consulting services related to mining of precious metals. a Cash used for purchase of office supplies. 1,500. b. Cash provided from consulting to customers, $41,600. c. Cash used for purchase of mining equipment, $65,000. d. Cash provided from long-term borrowing, $52,000. e Cash used for payment of employee salaries, $23,200. f. Cash used for payment of office rent, $11,200. 9 Cash provided from sale of equipment purchased in C above, $21,700. h. Cash used to repay a portion of the long-term borrowing in d above. $36.000 1.Cash used to pay office utilities, $3,500. J.Purchase of company vehicle, paying $9,200 cash. Required: Calculate cash flows from investing activities (List cosh outflows as negative amounts.) Cash flows front investing activities
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started