I.PracticeIdentify Me! Directions: The following are the balances of ABCCompany for the period which ended on December 31, 2018.Determine whether it will affect the operating, investing, or financingactivity in the cash flow statement. Write your answers in the spaceprovided below.Php 270,000425,00045,00025,00020,00050,000250,00050,000Cash Balance, December 1Cash received from the customers for services renderedCash payment to suppliersSalaries paid to employeesPayment for rentCash payment for the purchase of machineryCash received due to bank loanCash payment for short-term borrowingsOperatingInvestingFinancingII.Keep PracticingYou can solve it! Directions: From the balances of ABC Company given above,solve the given problems and show the solutions.a. Compute for the net cash flow generated by/used in operatingactivities.b. Compute for the net cash flow generated by/used in investingactivities.c. Compute for the net cash flow generated by/used in financingactivities.You can do it! Directions: Prepare the cash flow statement of ABCCompany.III.ANG PASICPASIGOFin57CITYDIVISION

Cash flow statement is a financial statement which is prepared to check the cash position of an…

Answered: Practice Identify Me! Company for the…

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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6. Here are some financial statement data for the year for Evie Company. Compute Evie's ENDING cash balance for the year. Cash outflow from INVESTING activities Cash inflow from OPERATING activities Cash inflow from FINANCING activities Net income BEGINNING Cash balance 1,200 1,000 300 900 400
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Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 а. Cash purchase of equipment Royalty income received Rent income received b. 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 C. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received I. Interest received from bank deposits Cash paid to suppliers m.
Record in fset with adjustments What are Skaife's Total Assets , liabilities and net income to be reported on its September 30, 2020 Balance Sheet? What are Skaife's Cash Collections from Customers following adjusting entries What are Skaife's net cash inflows (outflows) from operating activities?
Using the following information please prepare a statement of cash flow Revenue forServices$75,000.00 Checks written to Vedors$25,000.00 Payment to employees$10,000.00 Cash, beginning of year$50,000.00 Purchase new equipment$35,000.00 Loan Repayment$17,500.00
Select all that apply Grey Company earned $5,000 of revenue on account during Year 1, but collected the cash associated with the receivables in Year 2. Based on this information alone, under accrual accounting, the company will report revenue of. $5,000 and cash inflow from operations of zero in Year 2 $5,000 and cash inflow from operations of zero in Year 1 zero and cash inflow from operations of $5,000 in Year 2 zero and cash inflow from operations of $5,000 in Year 1
Bear Tree Services reports the following amounts on December 31, 2024. Cash Supplies Prepaid Insurance Building Assets Cash Inflows Customers Borrow from the bank (noite) Sale of Investments Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. In addition, the company reported the following cash flows. Balance Sheet $8.GOD 21700 4400 31.000 Statement of Cash Flows Liabilities and Stockholders. Equity Accounts payable Salaries payable Notes payable Comeon stock Retained earnings Cash Out FlowS $78,000 Employee salaries 29,000 Supplies 23,500 Dividends Purchase building Complete this question by entering your answers in the tabs below. $31.000 13,000 11,000 80,000 & Answer is complete but not entirely correct. $12,400 4,400 29,000 40,000 10,900 Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.)
Prepare cash flow of accounts. thank you!
Prepare cash flows using direct method. Thanks. One Stop Corporation Statement of Cash Flows Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Total Cash Payments Net Cash Provided by (Used for) Operating Activities Collections from customers $17,000 more than sales dividend revenue, interest expense, and income tax expense equal cash amounts. payments to suppliers are sum of cost of goods sold plus advertising expense. d payments to employees are $1,500 more than salaries expense. Cash payment for acquisition of plant assets is $103,000. cash receipts from sale of land total $24,000 cash receipts from issuance of common stock total $33,000 PAYMENT OF long term notes payable $11,000 payment of dividends is $12,500 cash balance at June 30, 2017 was $26,000 at June 30, 2018 was $40,000 One stop corporation Income statement Year ended June 30, 2018 net sales revenue…
Please calculate the amount for cash and Accounts payable

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