Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please tell me how to solve it and formula The following information about XYZ Corp. applies to the entity for the year ended 30 June
Please tell me how to solve it and formula
The following information about XYZ Corp. applies to the entity for the year ended 30 June 2018. Payment to suppliers $150,000 Owners contribution $405,000 Receipts from long-term borrowing $250,000 Payment of Tax to ATO $130,000 Payment of wages $125,000 Purchases of 10 years government bond $80,000 Repayment of long-term borrowing $120,000 Interest paid on long-term borrowing $12,000 Receipts from customers $500,000 Payment for equipment $190,000 Depreciation on equipment $80,000 Paid cash dividend to shareholders $120,000 Issued shares in exchange for land $105,000 Receipts from sales of old equipment $70,000 What is XYZ Corp's cash flow from financing activity? (Type answer without the $ or comma eg: 10000 or -10000 to indicate an out flow)
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