Compute for the total cash provided or used by the operating activities, investing andfinancing activitiesBalances of Auditor Company as of December 31, 2016Payment to SuppliersPayment to long-term creditors15,00025,00060,0005,000Cash collection from custamersCash payments for maintenance expenseCash payment to acquire buildingCash receipts from rent to clientsCash payments for salaries of employees500,00012,00018,000Sale on account90,00025,00015,000Purchases on accountDepreciation of machineryAdditional cash investment from owner90,0006,000100,000Cash payment for amounts borrowedCash receipts from a bank loanCash withdrawal of ownersCash received for selling propertiesNet income of the companyCapital, January 1Cash, January 110,000420,000900,0002,900,0001,500,000

Since, all operating activities payments and receipts are already given, Cash Flow Statement will be…

Answered: Compute for the total cash provided or…

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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Cash Received from: Sales to customers Interest on investment Collection of note receivable Sale of investments Issuance of notes payable Sale of long-term asset Issuance of equity Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Operating expenses Dividends to stockholders Purchase of supplies Income and property taxes Purchase of property Repurchase of stock $ 475,000 6,000 50,000 30,000 202,000 40,000 228,000 $ 33,000 5,000 18,000 140,000 25,000 20,000 3,000 11,000 400,000 8,000 The balance of cash at the beginning of 2024 was $220,000. दे Required: Prepare a statement of cash flows for the year for Shepa Incorporated, (Hint. For operating, investing, and financing activities, list the inflows and subtract the outflows to calculate net cash flows for each type of activity.) Note: Amounts to be deducted should be indicated with a minus sign.
Topic: Cash and Cash Equivalents / Intermediate Accounting 1
In the course of your audit of Cash of Fatherhood Corporation as of and for the period ended December 31, 2024, the following is a list that comprise the company’s Cash and cash equivalent account: Current account at Metrobank 3,250,000 Savings account at Rural Bank 2,750,000 Current account at BDO (240,000) Undeposited collections on hand 1,278,000 Traven fund 50,000 Interest and dividend fund 120,000 Payroll fund 400,000 Pension fund 250,000 Change fund 25,000 Bonking sinking fund 500,000 Petty cash fund, imprest balance 30,000 Deposit in closed bank 300,000 Postage stamps 3,000 IOU from key employee 30,000 Credit memo from a vendor for a purchase return 60,000 Investment in treasury bills, due 3/31/25 (purchased 12/31/24) 600,000 Investment in money market placement, due 1/31/25 (purchase 1/1/24) 900,000 Investment in ordinary shares (trading securities), intended to sell by…
Statement of Cash Flow Problem The Statement of Cash Flows for the fiscal year ended November 30, 2019, and other data for Metro Corporation are shown below: Cash flows from operating activities: Cash collections from customers 330,000 Dividends received 20,000 Cash outflows for: Merchandise (100,000) Salaries (50,000) Taxes (25,000) Other operating expenses (20,000) Net cash provided by operating activities 155,000 Cash flows from investing activities: Sales of investments 30,000 Purchased machinery…
Use the following information from Isthmus Company's financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. What is the net cash flows from operating activities for 2018? Cash Account Receivable Inventory Accounts Payable Salaries Payable Additional information: Net income Depreciation expense $77,600 $45,200 $11,900 $36,000 Dec. 31, 2018 $295,000 45,300 92,200 23,000 1,700 45,200 33,300 Dec. 31, 2017 $259,000 48,700 91,000 26,300 1,500
Review the statement of cash flows for Tesla Motors Inc. in ATC 14-1 on page 688. Discuss the cash position of the company by considering the following: How is Tesla repaying its debt?
FDN Company shows the following amounts in its Statement of Cash Flows for the year ended December 31, 2021: Net cash used in operating activities P 4,000,000 Net cash used in investing activities 5,000,000 Net cash provided by financing activities 4,500,000 Cash balance, January 1 9,000,000 How much is the balance of cash at December 31, 2021?
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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The following summary transactions occurred during the year for Bluebonnet. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $380,000 6,000 Cash flows from investing activities: -50,000 30,000 100,000 Net cash flows from investing activities 160,000 5,000 85,000 90,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) 25,000 20,000 BLUEBONNET COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 0

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