Activity #3: Application and Creation in Philippine pesos. Case A-Crysta Below are the cash transactions of Crystal Trading for December 31, 2016 (25,000) 50,000 (5,000) 25,000 115,000 100,000 1,500,000 Cash payments to suppliers of goods and services Cash receipts from rendering of services Payments to owners Proceeds from bank loans Proceeds from cash investment of owners Payment for acquisition of equipment Cash at the beginning of the year Prepare the statement of cash flows using the direct/indirect method. After which, answer the following questions. • How much is cash flow from operating activities? • How much is cash flow from investing activities? • How much is cash flow from financing activities? • How much is the net increase or decrease in cash for the year? • How much is cash as at December 31, 2016?

Activity #3: Application and Creation in Philippine pesos. Case A-Crysta Below are the cash transactions of Crystal Trading for December 31, 2016 (25,000) 50,000 (5,000) 25,000 115,000 100,000 1,500,000 Cash payments to suppliers of goods and services Cash receipts from rendering of services Payments to owners Proceeds from bank loans Proceeds from cash investment of owners Payment for acquisition of equipment Cash at the beginning of the year Prepare the statement of cash flows using the direct/indirect method. After which, answer the following questions. • How much is cash flow from operating activities? • How much is cash flow from investing activities? • How much is cash flow from financing activities? • How much is the net increase or decrease in cash for the year? • How much is cash as at December 31, 2016?

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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