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Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance

Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance

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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Revise your calculations based the new information provided below and then answer the questions that follow.

 

Inflows:
Issue common stock $129,000
Sell inventory to customers 147,920
Issue notes payable 91,160
Sell land 168,560
Earn interest on investments 3,440
Sell patent 104,920

 

Outflows:
Purchase equipment $309,600
Purchase inventory 65,360
Purchase treasury stock 68,800
Repay notes payable 51,600
Pay salaries 67,080
Pay dividends 25,800
Beginning cash $91,160


Required:
1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.)

 



2. What is the revised ending cash balance?

 



3. Which of the three types of cash flows could best be desribed as cash-basis net income?

multiple choice 1

  • Operating
  • Investing
  • Financing



4. Which of the following types of cash flow involves primarily changes in long-term liabilities and stockholders' equity?

multiple choice 2

  • Operating activities
  • Investing activities
  • Financing activities
Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
Transcribed Image Text:Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
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