Question
Prepare Statement of Cash Flow for metal lupe Corp. using the following data: Cash at the beginning of the year: $320,000 a. Classify the following
Prepare Statement of Cash Flow for metal lupe Corp. using the following data:
Cash at the beginning of the year: $320,000
a. Classify the following transactions Cash Receipts from:
__Sales $152,500
__Interest $3,500
Cash payments for
__Loan $25,000
__Interest Expense $2,575
__Stocks of Other Company $23,000
b. Fill the missing information:
Cash Cash flows from operating activities:
Net cash from operating activities ________
Cash flows from investing activities:
Net cash from investing activities _________
Cash flows from financing activities:
Net cash from financing activities ___
______ Net increase in cash
_________ +Cash at beginning of year
_________ Cash- at end of year
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