Cash Debit Credit Balance, December 31, prior year Receipts from customers Receipts from equipment sale Receipts from issuing stock 11, 200 67, 200 Payments for inventory 29,000 Payments for salaries 44,800 Payments for land 34, 600 22, 400 56, 000 18, 800 3,600 Payments for a copyright Payments for dividends Balance, December 31, current year 16,800 Use the above Cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities. a. Cash used by investing activities b. Cash provided by financing activities

Cash Debit Credit Balance, December 31, prior year Receipts from customers Receipts from equipment sale Receipts from issuing stock 11, 200 67, 200 Payments for inventory 29,000 Payments for salaries 44,800 Payments for land 34, 600 22, 400 56, 000 18, 800 3,600 Payments for a copyright Payments for dividends Balance, December 31, current year 16,800 Use the above Cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities. a. Cash used by investing activities b. Cash provided by financing activities

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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Free Cash Flow Kat Co. reports the following financial data for the current year: Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash disbursed for capital expenditures Compute Kat's free cash flow. Free cash flow S 17175 x Check $21,500 (10,555) 4,250 (4,325)
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