Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 ______

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethics Management Auditing And Developing The Ethical Content Of Organizations

Authors: S.P. Kaptein

1st Edition

0792350960, 978-0792350965

More Books

Students also viewed these Accounting questions

Question

state what is meant by the term performance management

Answered: 1 week ago