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Your company prepares the cash flow statement according to US GAAP. You know the following information: On 12/1/20 some equipment was sold for $70,000 to
Your company prepares the cash flow statement according to US GAAP. You know the following information: On 12/1/20 some equipment was sold for $70,000 to another company who paid 50% upfront, the rest is due 60 days later . On 6/30/20 your company purchased shares of another entity for $30,000. Because of that purchase, your company received $2,700 in dividends 3 month later On 8/30/20 your company borrowed $10,000 from a local bank. . During 2020 your company paid $500 for interest expenses and $6,700 to shareholders in dividends. What amounted is reported as "Cash Flow from Investing Activities for the year ended 12/31/2020? NOTF. Do not include the symbol in the answer Als urn the comm (continued from the previous problem) If you know that cash flow from operating activities is equal to $40,000, what amount is reported as "Total Cash Flow" at the bottom line of the cash flow statement for the year ended 12/31/2020? NOTE: Do not include the $ symbol in the answer. Also, use the comma to separate the thousands. For example, a correct answer will be "45,000", not "$45,000" or "45000". Use parentheses for a negative number: for example, write "(45,000)", not ".45,000". A/ (continued from the previous problem) Suppose your company prepared the cash flow statement according to IFRS, and therefore reported some of the cash flow statement items differently. Which of the following changes would you expect? (select all that apply - i.e., just one or as many as all of them) Total cash flow would remain the same Cash flow from operating activities would increase Cash flow from investing activities would increase Cash flow from financing activities would increase
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