Question
The following information is known about ZNET Company at December 31, 2019: Cash at the beginning of the year (1 January, 2019) 3,000 Eur Accumulated
The following information is known about ZNET Company at December 31, 2019:
Cash at the beginning of the year (1 January, 2019) 3,000 Eur
Accumulated amortization 20,000 Eur
Amortization expense 5,000 Eur
Increase in accounts payable from purchase of supplied and merchandise 8,000 Eur
Sale of vehicles 13,000 Eur
Purchase of land 8,000 Eur
Gain on sale of vehicles 2,000 Eur
Purchase of equipment 1,000 Eur
Net income 17,000 Eur
Received a 2-years bank loan of 6,000 Eur
Indicate the following missing information:
According to data given above, the company can prepare a cash-flow statement according to _______ method. (Which method?)
Cash ending balance at 31 December is _______
Net cash flow from operating activities is _____
Net cash flow from investing activities is _______
Net cash flow from financing activities is ______
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