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please help me to solve this Help 0 Required Information [The following information applies to the questions displayed below. The following summarized Cash T-account reflects
please help me to solve this
Help 0 Required Information [The following information applies to the questions displayed below. The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017. Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash $ 465, 488 20,477,600 Payments for inventory 7,167,160 Payments for wages 7,576,712 Payments for rent 2,416,357 Payments for interest 5,262,743 Payments for taxes 8,866,801 Payments for machinery Payments for long-term investments Payments for note payable Payments for dividends Payments for treasury stock $ $ 5,426,564 1,883,939 1,085,313 737, 194 1,535,820 7,638,145 7.720,055 1,310,566 1,699,641 737.194 Balance, Dec. 31, 2017 (1) Use this information to prepare a complete statement of cash flows for year 2017. The cash provided or used by operating activities should be reported using the direct method. (Amounts to be deducted should be indicated with a minus sign.) THOMAS CORPORATION Statement of Cash Flows For Yoar Ended December 31, 2017 Cash flows from operating activities 492 (1) Use this information to prepare a complete statement of cash flows for year 2017. The cash provided or used by operating activities should be reported using the direct method. (Amounts to be deducted should be indicated with a minus sign.) THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31, 2017 Cash flows from operating activities $ Cash flows from investing activities 0 Cash flows from financing activities Required information $ Cash flows from investing activities Cash flows from financing activities 0 $ 0 Net increase (decrease) in cash Beginning balance of cash Ending balance of cash $ 0 S Prev 9 10 of 10 Next > Save & O Required information [The following information applies to the questions displayed below.) The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017 Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from and sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash 5 465,400 20,477,600 Payments for inventory 7,167,160 Payments for wages 7,576,712 Payments for rent 2,416,357 Payments for interest 5,262,743 Paytents for taxes 8,866,301 Payments for machinery Payments for long-term Investments Payments for note payable Payments for dividends Payments for treasury stock $ 5,426,564 1,883,939 1,085,313 737,194 1,535,820 7,638,145 7,720,955 1,310,566 1.699,641 737,194 Balance, Dec. 31, 2017 (2) Refer to the statement of cash flows in part 1 to answer the following questions a through a. Which section shows the largest cash inflow? Financing section Operating section Investing section HE (2) Refer to the statement of cash flows in part 1 to answer the following questions a through d a. ( Which section shows the largest cash inflow? O Financing section Operating section Investing section (1) Which section shows the largest cash outflow? Operating section Financing section O Investing section b. What is the largest individual item among the investing cash outflows? Purchase of investments Purchase on machinery 8 Required information b. What is the largest individual item among the investing cash outflows? O Purchase of investments O Purchase on machinery O Purshase of stock c. The cash proceeds are larger from issuing notes issuing stock d. From borrowing activities the company has a net cash intlow a net cash outflow neither of the above Step by Step Solution
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