Question
In order to prepare the Statement of Cash Flows for Egnab Corporation for 2019, the accountant has compiled the following data regarding cash flows: Cash
In order to prepare the Statement of Cash Flows for Egnab Corporation for 2019, the accountant has compiled the following data regarding cash flows:
Cash paid to acquiremarketablesecurities....................... $380,000
Proceeds from sale ofmarketablesecurities....................... $17,500
Proceeds from issuance ofcapitalstock............................. $250,000
Proceeds from issuance ofbondspayable........................... $55,000
Payments to settleshort-termdebt......................................... $32,500
Interest anddividendsreceived............................................... $10,000
Dividendspaid............................................................................ $130,000
Cash paid to suppliersandemployees............................. $1,030,000
Interestpaid.................................................................................. $25,000
Incometaxespaid........................................................................ $70,000
Cash and cash equivalents, January1,2019........................ $43,000
Cash and cash equivalents, December31,2019.................. $63,000
Using the above information, classifythe transactions and then answer the following questions in the space provided.
- Egnabs Cash Flow from investing activities during 2019 is:
- Egnabs Cash Flow from financing activities during 2019 is
- Egnabs Cash Flow from operating activities during 2019 is:
- In the2 019 statement of Cash Flows for Egnab Corporation,the amount of cash received from customers is:
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