e/content/347795/viewContent/1854573/View2. Identify, under the appropriate heading, whether the following changes are an inflowof cash or an outflow of cash. What amounts were used by internal and external sourcesto finance the purchase of the assets? CashLastYear130,000CashThisYear134,60012,0005,60075,00023,000InflowsOutflowsHouseTrailerFurnitureMortgageRRSP4,00060,00020,0005,0008,0006004502,00010,000---Loan made to a friendCar loanVisaThe BayCash in the bankMarketable securities----12,0001,2503,00012,000

Cashflow Statement of a company shows the liquidity and solvency position of the company.

2. Identify, under the appropriate heading, whether the following changes are an inflow of cash or an outflow of cash. What amounts were used by internal and external sources to finance the purchase of the assets?

2. Identify, under the appropriate heading, whether the following changes are an inflow of cash or an outflow of cash. What amounts were used by internal and external sources to finance the purchase of the assets?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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