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Case F - France Trading Below are the cash transactions of France Trading for Decem ber 31, 2015. Cash payment to suppliers of goods and services Cash receipts from rendering of services (25,000) 50,000 Payment to owners (5,000) Proceeds from bank loans 25,000 Proceeds from cash investment of owners 115,000 Payment for income taxes (12,000) Payment for interest (12,500) Proceeds fro dividends of investment 15,000 100,000 Payment for acquisition of equipment Cash at the beginning of the year 1,000,000

Case F - France Trading Below are the cash transactions of France Trading for Decem ber 31, 2015. Cash payment to suppliers of goods and services Cash receipts from rendering of services (25,000) 50,000 Payment to owners (5,000) Proceeds from bank loans 25,000 Proceeds from cash investment of owners 115,000 Payment for income taxes (12,000) Payment for interest (12,500) Proceeds fro dividends of investment 15,000 100,000 Payment for acquisition of equipment Cash at the beginning of the year 1,000,000

FINANCIAL ACCOUNTING
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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Prepare the statement of cash flows using the direct method. After which, answer the following questions.

Case F- France Trading Below are the cash transactions of France Trading for Decem- ber 31, 2015. (25,000) Cash payment to suppliers of goods and services Cash receipts from rendering of services 50,000 Payment to owners (5,000) Proceeds from bank loans 25,000 Proceeds from cash investment of owners 115,000 Payment for income taxes (12,000) Payment for interest (12,500) Proceeds fro dividends of investment 15,000 100,000 Payment for acquisition of equipment Cash at the beginning of the year 1,000,000
Transcribed Image Text:Case F- France Trading Below are the cash transactions of France Trading for Decem- ber 31, 2015. (25,000) Cash payment to suppliers of goods and services Cash receipts from rendering of services 50,000 Payment to owners (5,000) Proceeds from bank loans 25,000 Proceeds from cash investment of owners 115,000 Payment for income taxes (12,000) Payment for interest (12,500) Proceeds fro dividends of investment 15,000 100,000 Payment for acquisition of equipment Cash at the beginning of the year 1,000,000
1. How much is cash flow from operating activities? 2. How much is cash flow from investing activities? 3. How much is cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is cash as at December 31, 2015?
Transcribed Image Text:1. How much is cash flow from operating activities? 2. How much is cash flow from investing activities? 3. How much is cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is cash as at December 31, 2015?
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