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The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. $ Balance, Dec.
The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. $ Balance, Dec. 31, prior year Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash $ 489,400 21,533,600 Payments for inventory 7,536,760 Payments for wages 7,967,432 Payments for rent 2,540,965 Payments for interest 5,534,135 Payments for taxes 9,324,049 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ ? 5,706,404 1,981,091 1,141,281 775,210 1,615,020 8,032,033 8,118,167 1,378,150 1,787, 289 775,210 Balance, Dec. 31, current year (2) Refer to the statement of cash flows for part 1 to answer the following questions a through a a. () Which section shows the largest cash inflow? (ii) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? c. The cash proceeds are larger from: d. From borrowing activities the company has: a. 1) Which section shows the largest cash inflow? (ii) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? c. The cash proceeds are larger from: d. From borrowing activities the company has: Financing section Operating section Investing section a. ( Which section shows the largest cash inflow? (i) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? c. The cash proceeds are larger from: d. From borrowing activities the company has: Purchase of investments Purchase on machinery Purshase of stock (2) Refer to the statement of cash flows for part 1 to answer the following questions a through a a. (0) Which section shows the largest cash inflow? (ii) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? c. The cash proceeds are larger from: d. From borrowing activities the company has: issuing notes issuing stock (2) Refer to the statement of cash flows for part 1 to answer the following questions a through a a. ) Which section shows the largest cash inflow? (ii) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? The cash proceeds are larger from: d. From borrowing activities the company has: a net cash inflow a net cash outflow neither of the above
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