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The statement of cash flows has blank lines. Determine the values that would be appropriate for each blank line. How do we get these missing
The statement of cash flows has blank lines. Determine the values that would be appropriate for each blank line. How do we get these missing values?
Cash Flows from Operating Activities | |||
Cash received from customers | 3,701,327 | ||
Cash paid out to suppliers and employees | [_____A_____] | ||
Interest paid | -28,134 | ||
Taxes paid | -42,046 | ||
Net cash provided by operating activities | 72,074 | ||
Cash Flows from Investing Activities | |||
Purchase of equipment | -4,272 | ||
Net cash used in investing activities | [_____B_____] | ||
Cash Flows from Financing Activities | |||
New loans | 50,000 | ||
Funds received from lines of credit | 26,234 | ||
Repayments on loans | [_____C_____] | ||
Repayments on lines of credit | -26,234 | ||
Repayment of note | -38,501 | ||
Net cash used in financing activities | -38,501 | ||
Net Increase in Cash | [_____D_____] | ||
Cash balances, beginning of year | [_____E_____] | ||
Cash balances, end of year | 130,366 | ||
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