A summary of cash flows for T's Design Services for the year ended 30 June is shown below. Cash receipts: Cash received from customers $83,990 Cash received from additional investment by owner Cash received from bank loan 25,000 100,000 Cash payments: Cash paid for expenses $27,000 Cash paid for land investment 47,000 Cash paid for supplies 410 Drawing 5,000 The following was T's Design Services item in its cash flow from financing activities: Select one: a. $20,000. b. $120,000. c. (-)$27,000. d. $30,000. e.
A summary of cash flows for T's Design Services for the year ended 30 June is shown below. Cash receipts: Cash received from customers $83,990 Cash received from additional investment by owner Cash received from bank loan 25,000 100,000 Cash payments: Cash paid for expenses $27,000 Cash paid for land investment 47,000 Cash paid for supplies 410 Drawing 5,000 The following was T's Design Services item in its cash flow from financing activities: Select one: a. $20,000. b. $120,000. c. (-)$27,000. d. $30,000. e.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A summary of
|
Cash receipts: |
|
|
Cash received from customers |
$83,990 |
|
Cash received from additional investment by owner Cash received from bank loan
|
25,000 100,000 |
|
Cash payments: |
|
|
Cash paid for expenses |
$27,000 |
|
Cash paid for land investment |
47,000 |
|
Cash paid for supplies |
410 |
|
Drawing |
5,000 |
The following was T's Design Services item in its cash flow from financing activities:
Select one:
a.
$20,000.
b.
$120,000.
c.
(-)$27,000.
d.
$30,000.
e.
$125,000.
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