Please no handwriting please without plagiarism please no plagiarism please During the year, a company issues common stock for $100.000 and repays previously borrowed amounts of $75.000. Inaddition, the company collects $200,000 from customers, pays dividends of $10,000 to stockholders, pays the manager a salaryof $75,000, pays landlord rent of $20,000 and pays interest of $7,000 to creditors, sells old equipment for $150.000 and landfor $200,000Determine the amount of operating cash flows the company would report in the current year

Cash flow statement :— It is one of the financial statements that shows change in cash and cash…

During the year, a company issues common stock for $100.000 and repays previously borrowed amounts of $75.000. In addition, the company collects $200,000 from customers, pays dividends of $10,000 to stockholden, pays the manager a salary of $75,000, pays landlord rent of $20,000 and pays interest of $7,000 to creditors, sells old equipment for $150.000 and land for $200,000 Determine the amount of operating cash flows the company would report in the current year

During the year, a company issues common stock for $100.000 and repays previously borrowed amounts of $75.000. In addition, the company collects $200,000 from customers, pays dividends of $10,000 to stockholden, pays the manager a salary of $75,000, pays landlord rent of $20,000 and pays interest of $7,000 to creditors, sells old equipment for $150.000 and land for $200,000 Determine the amount of operating cash flows the company would report in the current year

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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i don't understand the written solution
It says they answers are wrong from your example.