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Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance 3. Which of the three types of cash flows could best be desribed as cash-basis net income? Operating Investing Financing

Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance 3. Which of the three types of cash flows could best be desribed as cash-basis net income? Operating Investing Financing

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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ok 5 int ences Required information What is the reviseu dinoun or operaung, invesung anu mancing cast now the possiu e cateu uy a mus signty Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance 3. Which of the three types of cash flows could best be desribed as cash-basis net income? Operating Investing Financing 4. Which of the following types of cash flow involves primarily changes in long-term liabilities and stockholders' equity? Operating activities Investing activities Financing activities
Transcribed Image Text:ok 5 int ences Required information What is the reviseu dinoun or operaung, invesung anu mancing cast now the possiu e cateu uy a mus signty Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance 3. Which of the three types of cash flows could best be desribed as cash-basis net income? Operating Investing Financing 4. Which of the following types of cash flow involves primarily changes in long-term liabilities and stockholders' equity? Operating activities Investing activities Financing activities
k t ces Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments Sell patent Outflows: Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Operating Investing Financing 2. What is the revised ending cash balance? $126,000 144,480 89,040 164,640 3,360 102,480 Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Ending cash balance. $302,400 63,840 67,200 50,400 65,520 25,200 $ 89,040
Transcribed Image Text:k t ces Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments Sell patent Outflows: Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Operating Investing Financing 2. What is the revised ending cash balance? $126,000 144,480 89,040 164,640 3,360 102,480 Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Ending cash balance. $302,400 63,840 67,200 50,400 65,520 25,200 $ 89,040
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