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France Consulting has the following cash transactions for the period. Solve for the four missing amounts in the middle column of the table titled Amount
France Consulting has the following cash transactions for the period.
- Solve for the four missing amounts in the middle column of the table titled Amount.
- Identify whether each cash transaction (a. h.) represents an inflow or an outflow of cash in the far right column of the table titled Inflow or Outflow?
Activity | Amount | Inflow or Outflow? |
a. Cash received from providing consulting services | $275,000 | |
b. Cash paid for interest on debt | 15,000 | |
c. Cash paid for income taxes | 45,000 | |
d. Cash paid for salaries | 150,000 | |
Cash flows from operating activities | ||
e. Cash received from the sale of investments | 7,000 | |
f. Cash paid for computing equipment | 40,000 | |
Cash flows from investing activities | ||
g. Cash received from a loan | 300,000 | |
h. Cash paid to repurchase stock | 60,000 | |
Cash flows from financing activities | ||
Net change in cash flows |
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