Q4 – HW#3 SOLVING THE PROBLEM! Lopez General Services Below are the cash transactions of Lopez General Services for December 31, 2019. XXXXX Cash receipts from rendering of services Cash payment to suppliers of goods and services Proceeds from bank loan Payment of interest Payment of rent Proceeds from sale of equipment Purchase of equipment Withdrawal of owner Cash at the beginning of the year 1. How much is the cash flow from operating activities? 2. How much is the cash flow from investing activities? 3. How much is the cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is the cash as of December 31, 2019? 6. Prepare the Statement of Cash Flows using direct method 35,000.00 (12,500.00) 12,000.00 ( 5,000.00) |( 8,000.00) 10,000.00 ( 9,500.00) (6,500.00) 25,500.00

Q4 – HW#3 SOLVING THE PROBLEM! Lopez General Services Below are the cash transactions of Lopez General Services for December 31, 2019. XXXXX Cash receipts from rendering of services Cash payment to suppliers of goods and services Proceeds from bank loan Payment of interest Payment of rent Proceeds from sale of equipment Purchase of equipment Withdrawal of owner Cash at the beginning of the year 1. How much is the cash flow from operating activities? 2. How much is the cash flow from investing activities? 3. How much is the cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is the cash as of December 31, 2019? 6. Prepare the Statement of Cash Flows using direct method 35,000.00 (12,500.00) 12,000.00 ( 5,000.00) |( 8,000.00) 10,000.00 ( 9,500.00) (6,500.00) 25,500.00

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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Question 1 How much is the net cash provided by operating activities? Question 2 How much is the net cash used for investing activities? Question 3 How much is the net cash provided for financing activities? Question 4 What is the ending cash balance?
How does Long-Term Bank Loan impact Avett Inc.'s 2020 Statement of Cash Flows? Question 10 options: The periodic change in Long-Term Bank Loan is added in Cash Flows from Operations The periodic change in Long-Term Bank Loan is added in Cash Flows from Financing The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Financing The periodic change in Long-Term Bank Loan is added in Cash Flows from Investing The periodic change in Long-Term Bank Loan is not included on the Statement of Cash Flows The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Operations The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Investing
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Use the following information to calculate total ending cash and equivalents: Beginning Cash and Equivalents = $45 Cash Flow from Operations = $100 Cash Flow from Investing = $20 Cash Flow from Financing = $300 Group of answer choices $465 $145 $345 $420
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