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How to solve in this statement problem of cash flow? Show the the solution Plsss help meee to solve this. Thankyou

How to solve in this statement problem of cash flow? Show the the solution Plsss help meee to solve this. Thankyou

FINANCIAL ACCOUNTING
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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How to solve in this statement problem of cash flow? Show the the solution Plsss help meee to solve this. Thankyou
The following data are taken from the records of Butt I. Que for the year 2020. Prepare a cash flow statement Legal fees received from clients Depreciation expense 408,000 70,000 Proceeds of bank loan 504,000 Cash purchase of land Provision for bad debts 1,100,000 13,000 300,000 200,000 23,000 32,000 7,240 360,000 600,000 94,000 860,000 Additional investments of Atty. Que Partial payment of bank loan Commission income receivable Research income received Taxes and licenses payable Operating expenses Collection of accounts Interest on bank loan paid Proceeds from sale of equipment Cash balance on January 1, 2018 is 200,000
Transcribed Image Text:The following data are taken from the records of Butt I. Que for the year 2020. Prepare a cash flow statement Legal fees received from clients Depreciation expense 408,000 70,000 Proceeds of bank loan 504,000 Cash purchase of land Provision for bad debts 1,100,000 13,000 300,000 200,000 23,000 32,000 7,240 360,000 600,000 94,000 860,000 Additional investments of Atty. Que Partial payment of bank loan Commission income receivable Research income received Taxes and licenses payable Operating expenses Collection of accounts Interest on bank loan paid Proceeds from sale of equipment Cash balance on January 1, 2018 is 200,000
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