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 (12,000) Payment for income taxes 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 (12,000) Payment for income taxes 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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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

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Cash flow from operating activities

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Cash flow from financing activities

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Net increase or decrease in cash balance

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Cash as of December 31, 2015

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