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> > > > Q2--PINPOINTING THE CASH-INFLOWS-AND-CASH OUTFLOWS On-Len and Joan Miller's personal statements-of-financial position shown below, identify whether each account is a cash inflow
> > > > Q2--PINPOINTING THE CASH-INFLOWS-AND-CASH OUTFLOWS On-Len and Joan Miller's personal statements-of-financial position shown below, identify whether each account is a cash inflow ora cash-outflow. ....2014 ...2013 Cash-Inflows-Cash Outflows Assets House -$205,000 -$136,000 Car - 22,000 .....6,000 Furniture .....8,500 -7,000 RRSPs -.-30,000 20,000 Savings bonds 5,000 .....4,000 Short-term deposits - 2.000 -2,000 Total assets $272,500 $175.0001 Equitys $-111,000 .........$.80,000 Liabilities Mortgage 112,000 ---79,000 Car-loan -24,000 -3,000 BMO Bank of Montreal .-21,000 *.11,000 Amex -4,500 2,000 Total-liabilities -161,500 ....95,0001 > > > > ---- > A -> Total-equity-.. --and liabilities ***** $272,500 -> $.97.500 $175.000.........97.500
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