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SmileBright has been operating as a dental practice partnership with 2 partners for the last 3 years but have plans to expand their operations over
SmileBright has been operating as a dental practice partnership with 2 partners for the last 3 years but have plans to expand their operations over the next 5 years and have recently brought in a new partner. They are in the process of preparing their financial statements for the end of Year 3. The Income Statement and Statement of Financial Position have already been prepared and the accounts team are now working on the Statement of Cash Flows. The following cash flows have been identified: Cash received from patients 125,700 Capital invested by the new partner 50,000 Payments made for utilities, rent, insurances etc. 32,400 Payments made to staff 79,500 Payment made to repay a bank loan 20,000 Payment made to purchase a new X-ray machine 15,000 What totals will show on the Statement of Cash Flows for Operating, Investing and Financing cash flows? Operating outflows 1,200; Investing outflows 0; Financing inflows 30,000 O Operating Outflows 13,800; Investing Inflows 15,000; Financing Outflows 30,000; O Operating Inflows 13,800; Investing Outflows 15,000; Financing Inflows 30,000; 00 Operating inflows 93,300; Investing outflows 94,500; Financing Inflows 70,000 Operating inflows 13,800; Investing inflows 35,000; Financing outflows 20,000
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