Rubrics. Question is rated from 1-10, with 10 being the highest rating, and 1 as the lowest rating. Performance Task #1: Application and Creation. Below are the cash transactions of Algeria Co. for December 31,2015. Cash payment to suppliers of goods and services Cash receipts from rendering of services Payment to owners Proceeds from bank loans Proceeds from cash investment of owners Payment for acquisition of equipment Cash at the beginning of the year (25,000) 50,000 (5,000) 25,000 115,000 100,000 1,000,000 Instructions. Prepare the statement of cash flows using the direct method. After which, answer the following questions. 1. How much is cash flow from operating activities? 2. How much is cash flow from investing activities? 3. How much is cash flow from financing activities?

Rubrics. Question is rated from 1-10, with 10 being the highest rating, and 1 as the lowest rating. Performance Task #1: Application and Creation. Below are the cash transactions of Algeria Co. for December 31,2015. Cash payment to suppliers of goods and services Cash receipts from rendering of services Payment to owners Proceeds from bank loans Proceeds from cash investment of owners Payment for acquisition of equipment Cash at the beginning of the year (25,000) 50,000 (5,000) 25,000 115,000 100,000 1,000,000 Instructions. Prepare the statement of cash flows using the direct method. After which, answer the following questions. 1. How much is cash flow from operating activities? 2. How much is cash flow from investing activities? 3. How much is cash flow from financing activities?

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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