Question
You are here required to compute Throttle Corporation's 2020 cash flow from operating activity; cash flow from investing activity; cash flow from financing activity. Place
You are here required to compute Throttle Corporation's 2020 cash flow from operating activity; cash flow from investing activity; cash flow from financing activity. Place your answer at the bottom of the page. Here below please find income statement, balance sheet and other additional information about the company:
Balance sheet - ASSETS 2020 2019
Cash 24 2 Inventory 6 15
Account receivables 4 8
Prepaid expenses - -
Goodwill 4 15
Land 21 21
Equipment (net) 18 24
TOTAL ASSETS 77 85
Balance sheet - LIAB & EQ 2020 2019
Accounts payable 11 17
Income tax payable 10 8
Interest payable 6 3
Dividends payable 3 -
Bonds payable 25 33
Retained earnings 18 20
Common stock 4 4
TOTAL LIAB+STOCK EQ 77 85
INCOME STATEMENT 2020
Sales revenues 70
COGS -40
salaries and wages -12
Interest expense -5
Impairment loss -11
Depreciation expense -2
Gain on disposal of assets 6
Income tax expense -4
net income 2
Additional information: Goodwill was impaired at the end of the year. A part of the equipment was sold for cash during the year. The bonds are repaid in yearly instalments. A cash dividend was declared; it was paid only in part during the year. Throttle Corporation's 2020 cash flow from operating_activity: Euro [1] [2] [3]
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