Question
The following list of cash flows was taken from the Camber City airport funds statement of cash flows. All amounts are in thousands Cash on
The following list of cash flows was taken from the Camber City airport funds statement of cash flows. All amounts are in thousands Cash on hand, beginning of year $ 122 Operating lease receipts 2,650 Interest received from investments 25 Wages and salaries paid 915 Purchases of supplies 1,025 Collections (for services) from other funds of the city 290 Interest paid on long-term capital debt 175 Purchases of capital assets 1,725 Proceeds of revenue bonds to acquire capital assets 1,200 Purchases of investments 725 Proceeds from sale of capital assets 55 Proceeds from sales of investments 880 Capital lease payments 100 Operating grants received 500 Proceeds from line of credit (used for operations) 375 Capital contribution from airline 125 Interest paid on line of credit 5 Put these cash flow amounts in the form of a cash flows statement for the airport. Calculate and include a line for cash on hand at the end of the period.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started