Instructions: Based on the following data needed for cash flows preparation, 1) indicate whether each item enumerated is an inflow or and an outflow (outflows are enclosed in parenthesis) in operating, investing and financing activity; 2) compute net cash provided by (used in) operating activities. Items Operating Invesing -200,000 Financing Ex Acquisitfion of Land Inifal investment by proprietor 200,000 300,000 300,000 1Payment of rental 2 Cash received from services rendered 3 Investment by owner 4 Payment of utiliñes expense 5 Collecion from customer's accounts 120,000 50,000 25,000 6 Proceeds from sale of equipment 7 Remitance of wihholding tax 8 Withdrawal by owner 9 Purchase of equipment 10 Proceeds fom a bank loan 11 Purchase of supplies 12 Payment of taxes and licenses 13 Remitance of SSS and Philhealh premiums 65,000 90,000 100,000 2,500 15,000 5,000 100,000 25,000 10,000 and contributions 14 Payment of accounts to suppliers 15 Addifonal investment by the owner Net Cash Provided by (Used in) 4,500 28,200 200,000 Note: the-values are supposed tb be enclosed in parenthesis. I don'thave such character in my computer.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Instructions: Based on the following data needed for cash flows
preparation, 1) indicate whether each item enumerated is an inflow or and
an outflow (outflows are enclosed in parenthesis) in operating, investing
and financing activity; 2) compute net cash provided by (used in) operating
activities.
Items
Operating
Invesing
-200,000
Financing
Ex Acquisition of Land
Inifal investment by proprietor
200,000
300,000
300,000
1Payment of rental
2 Cash received from services rendered
3 Investment by owner
4 Payment of utilifies expense
120,000
50,000
25,000
65,000
90,000
100,000
2,500
5 Collecfion from customer's accounts
6 Proceeds from sale of equipment
7 Remitance of withholding tax
8 Withdrawal by owner
9Purchase of equipment
10 Proceeds from a bank loan
11 Purchase of supplies
12 Payment of taxes and licenses
13 Remitance of SSS and Philhealh premiums
15,000
5,000
100,000
25,000
10,000
and contributions
14 Payment of accounts to suppliers
15 Addifonal investment by the owner
Net Cash Provided by (Used in)
4,500
28,200
200,000
Note: the - values are supposed to be enclosed in parenthesis. I don't have such
character in my computer.
Transcribed Image Text:Instructions: Based on the following data needed for cash flows preparation, 1) indicate whether each item enumerated is an inflow or and an outflow (outflows are enclosed in parenthesis) in operating, investing and financing activity; 2) compute net cash provided by (used in) operating activities. Items Operating Invesing -200,000 Financing Ex Acquisition of Land Inifal investment by proprietor 200,000 300,000 300,000 1Payment of rental 2 Cash received from services rendered 3 Investment by owner 4 Payment of utilifies expense 120,000 50,000 25,000 65,000 90,000 100,000 2,500 5 Collecfion from customer's accounts 6 Proceeds from sale of equipment 7 Remitance of withholding tax 8 Withdrawal by owner 9Purchase of equipment 10 Proceeds from a bank loan 11 Purchase of supplies 12 Payment of taxes and licenses 13 Remitance of SSS and Philhealh premiums 15,000 5,000 100,000 25,000 10,000 and contributions 14 Payment of accounts to suppliers 15 Addifonal investment by the owner Net Cash Provided by (Used in) 4,500 28,200 200,000 Note: the - values are supposed to be enclosed in parenthesis. I don't have such character in my computer.
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