Mary Jane started her own service company. She invested 3,000,000 cash to open the business and has purchased building worth 2,000,000 and office furniture worth 100,000. During the year, 950,000 revenues were earned, 300,000 of which were on account. Salaries paid to employees amounted to 205,000, bonus given to the owner, Mary, amounted to 30,000, equipment rent payment is 100,000, and utilities paid amounted to 50,000. Receivables collected amounted to 200,000. Billie invested additional 110,000 for a additional funding. At the time when the carrying value of the furniture was 90,000, Ed sold it for 75,000 cash. 1. How much is the entity's cash flow from operating activities? 2. How much is the entity's cash flow from investing activities?. 3. How much is the entity's cash flow from financing activities?__ A

Mary Jane started her own service company. She invested 3,000,000 cash to open the business and has purchased building worth 2,000,000 and office furniture worth 100,000. During the year, 950,000 revenues were earned, 300,000 of which were on account. Salaries paid to employees amounted to 205,000, bonus given to the owner, Mary, amounted to 30,000, equipment rent payment is 100,000, and utilities paid amounted to 50,000. Receivables collected amounted to 200,000. Billie invested additional 110,000 for a additional funding. At the time when the carrying value of the furniture was 90,000, Ed sold it for 75,000 cash. 1. How much is the entity's cash flow from operating activities? 2. How much is the entity's cash flow from investing activities?. 3. How much is the entity's cash flow from financing activities?__ A

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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