The following is cash flow data for Rocket Transport: Cash dividend Purchase of bus Interest paid on debt Sales of old equipment Repurchase of stock Cash payments to suppliers Cash collections from customers Required: $ 90,000 $ 27,000 $ 25,000 $ 57,000 $ 87,000 $ 125,000 $ 400,000 a. Find the net cash provided by or used in investing activities. Note: Input the amount as positive value. b. Find the net cash provided by or used in financing activities. Note: Input the amount as positive value. c. Find the net increase or decrease in cash for the year. Note: Input the amount as positive value. a. Net cash b. Net cash investing activities financing activities c. Net in cash

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 2EB: In which section of the statement of cash flows would each of the following transactions be...
Question
The following is cash flow data for Rocket Transport:
Cash dividend
Purchase of bus
Interest paid on debt
Sales of old equipment
Repurchase of stock
Cash payments to suppliers
Cash collections from customers
Required:
$ 90,000
$ 27,000
$ 25,000
$ 57,000
$ 87,000
$ 125,000
$ 400,000
a. Find the net cash provided by or used in investing activities.
Note: Input the amount as positive value.
b. Find the net cash provided by or used in financing activities.
Note: Input the amount as positive value.
c. Find the net increase or decrease in cash for the year.
Note: Input the amount as positive value.
a. Net cash
b. Net cash
investing activities
financing activities
c. Net
in cash
Transcribed Image Text:The following is cash flow data for Rocket Transport: Cash dividend Purchase of bus Interest paid on debt Sales of old equipment Repurchase of stock Cash payments to suppliers Cash collections from customers Required: $ 90,000 $ 27,000 $ 25,000 $ 57,000 $ 87,000 $ 125,000 $ 400,000 a. Find the net cash provided by or used in investing activities. Note: Input the amount as positive value. b. Find the net cash provided by or used in financing activities. Note: Input the amount as positive value. c. Find the net increase or decrease in cash for the year. Note: Input the amount as positive value. a. Net cash b. Net cash investing activities financing activities c. Net in cash
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