Cash receipts from sale of goods 650,000 Cash paid for purchases of inventory 340,000 Cash receipts on loans taken from a bank 200,000 Cash paid for interest expense 20,000 Cash payment for the acquisition of property, plant and equipment 180,000

Cash receipts from sale of goods 650,000 Cash paid for purchases of inventory 340,000 Cash receipts on loans taken from a bank 200,000 Cash paid for interest expense 20,000 Cash payment for the acquisition of property, plant and equipment 180,000

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

How much is the net cash from (used in) operating activities?

Cash receipts from sale of goods
650,000
Cash paid for purchases of inventory
340,000
Cash receipts on loans taken from a bank
200,000
Cash paid for interest expense
20,000
Cash payment for the acquisition of property, plant and
equipment
180,000

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