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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Question

e/content/347795/viewContent/1854573/View
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?

Cash
Last
Year
130,000
Cash
This
Year
134,600
12,000
5,600
75,000
23,000
Inflows
Outflows
House
Trailer
Furniture
Mortgage
RRSP
4,000
60,000
20,000
5,000
8,000
600
450
2,000
10,000
---
Loan made to a friend
Car loan
Visa
The Bay
Cash in the bank
Marketable securities
----
12,000
1,250
3,000
12,000

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