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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
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? 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". (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
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