Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals Required: Calculate cash flows from financing activities. (List cash outflows as negative amounts.) a. Cash used for purchase of office supplies, $2,300. b. Cash provided from consulting to customers, $49,600. c. Cash used for purchase of mining equipment, $81,000 d. Cash provided from long-term borrowing, $68,000. e. Cash used for payment of employee salaries, $24,800.00 f. Cash used for payment of office rent, $12,800. g. Cash provided from sale of equipment purchased in c. above, $23,300. h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000 Cash used to pay office utilities, $5,100. j. Purchase of company vehicle, paying $10,800 cash. Cash flows from financing activities Amount Included in Financing Cash Flows

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals Required: Calculate cash flows from financing activities. (List cash outflows as negative amounts.) a. Cash used for purchase of office supplies, $2,300. b. Cash provided from consulting to customers, $49,600. c. Cash used for purchase of mining equipment, $81,000 d. Cash provided from long-term borrowing, $68,000. e. Cash used for payment of employee salaries, $24,800.00 f. Cash used for payment of office rent, $12,800. g. Cash provided from sale of equipment purchased in c. above, $23,300. h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000 Cash used to pay office utilities, $5,100. j. Purchase of company vehicle, paying $10,800 cash. Cash flows from financing activities Amount Included in Financing Cash Flows

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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