Calculate cash flows from operating activities. (List cash outflows as negative amounts.) Amount Included in Operating Cash Flows (1,500) 41,600 (65000) a. Cash used for purchase of office supplies, $1,500. b. Cash provided from consulting to customers, $41,600. o. Cash used for purchase of mining equipment, $65,000. d. Cash provided from long-term borrowing. $52,000. e. Cash used for payment of employee salaries, $23,200. f. Cash used for payment of office rent, $11,200. 9. Cash provided from sale of equipment purchased in c. above, $21,700. h. Cash used to repay a portion of the long-term borrowing in d. above, $36,000. 1. Cash used to pay office utilities, $3,500. Purchase of company vehicle, paying $9,200 cash. Cash flows from operating activities 52000 (23,200) 11,200 21,700 36000 00000 (3,500) (9,200)

Calculate cash flows from operating activities. (List cash outflows as negative amounts.) Amount Included in Operating Cash Flows (1,500) 41,600 (65000) a. Cash used for purchase of office supplies, $1,500. b. Cash provided from consulting to customers, $41,600. o. Cash used for purchase of mining equipment, $65,000. d. Cash provided from long-term borrowing. $52,000. e. Cash used for payment of employee salaries, $23,200. f. Cash used for payment of office rent, $11,200. 9. Cash provided from sale of equipment purchased in c. above, $21,700. h. Cash used to repay a portion of the long-term borrowing in d. above, $36,000. 1. Cash used to pay office utilities, $3,500. Purchase of company vehicle, paying $9,200 cash. Cash flows from operating activities 52000 (23,200) 11,200 21,700 36000 00000 (3,500) (9,200)

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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Subject: acounting
Using the indirect method, calculate the amount of cash flows from operating activities from the following data: Net Income $199,000 Beginning Accounts receivable 22,000 ending accounts recievable 29,000 Beginning Prepaid insurance 5,000 Ending prepaid insurance 2,000 Beginning Accounts payable 15,000 Ending Accounts payable 14,000 Depreciation expense 50,000 Amortization of intangible asset 6,000 dividends declared and paid 11,000
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