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NEED ASAP PLS Use the following to answer questions 20. 21 & 22: Calculate Cash Flows from Operating, Investing and Financing Activities Zoum Corporation had
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Use the following to answer questions 20. 21 & 22: Calculate Cash Flows from Operating, Investing and Financing Activities Zoum Corporation had the following transactions during 2021: 1. Issued $175,000 of common stock for cash. 2. Paid salaries of $40,000. 3. Declared and paid a $15,000 cash dividend. 4. Sold some equipment for $2,000 cash. 5. Recorded cash sales of $500,000. 6. Bought inventory for $170,000 cash. 7. Purchased some equipment for $23,000 cash. 8. Repaid a 6 year bond in the amount of $210,000. The Statement of Cash Flows reflected a "Net Change in Cash" of $219,000. What are cash flows from operating activities? O $330,000 O $290,000 O $465.000 O $390,000 Use the following to answer questions 20, 21 & 22: Calculate Cash Flows from Operating, Investing and Financing Activities Zoum Corporation had the following transactions during 2021: 1. Issued $175,000 of common stock for cash. 2. Paid salaries of $40,000. 3. Declared and paid a $15,000 cash dividend. 4. Sold some equipment for $2,000 cash. 5. Recorded cash sales of $500,000. 6. Bought inventory for $170,000 cash. 7. Purchased some equipment for $23,000 cash. 8. Repaid a 6 year bond in the amount of $210,000. The Statement of Cash Flows reflected a "Net Change in Cash" of $219,000. What are cash flows from investing activities? O ($81,000) O $204,000 $39,000 O ($21,000) Use the following to answer questions 20. 21 & 22: Calculate Cash Flows from Operating, Investing and Financing Activities Zoum Corporation had the following transactions during 2021: 1. Issued $175,000 of common stock for cash. 2. Paid salaries of $40,000. 3. Declared and paid a $15,000 cash dividend. 4. Sold some equipment for $2,000 cash. 5. Recorded cash sales of $500,000. 6. Bought inventory for $170,000 cash. 7. Purchased some equipment for $23,000 cash. 8. Repaid a 6 year bond in the amount of $210,000. The Statement of Cash Flows reflected a "Net Change in Cash" of $219,000. What are cash flows from financing activities? O ($50,000) O ($635,000) O $535,000 O $160,000 Step by Step Solution
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