Tollowing statement of cash flows then determine the following: a. Net cash flow from operating activities b. Net cash flow from investing activities c. Net cash flow from financing activities d. Net increase/decrease in cash e. Cash balance on December 31, 2021 Cash balance on January 1, 2020 is P 308, 000 Provision for bad debts 28, 000 Proceeds from sale of land 950,000 Receivable from customers 500, 000 Cash purchase of service vehicle 800, 000 Additional investment of owner 900, 000 Rent income received 32, 000 600, 000 600, 000 Principal long-term loan paid Cash receipt from customers Depreciation expense 40, 000 Payment of operating expenses 975, 000 Proceeds of BDO loan 350, 000 Dividends income received 23, 000 Asset withdrawal of owner 125, 000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Indirect method
The following data are taken from the records of F.Shield Company for the year 2020. Prepare a
statement of cash flows then determine the following:
a. Net cash flow from operating activities
b. Net cash flow from investing activities
c. Net cash flow from financing activities
d. Net increase/decrease in cash
e. Cash balance on December 31, 2021
Cash balance on January 1, 2020 is P 308, 00
Pravision for bad debts
28, 000
Proceeds from sale of land
950,000
Receivable from customers
500, 000
Cash purchase of service vehicle
800, 00
900, 000
Additional investment of owner
Rent income received
32, 000
Principal long-term loan paid
600, 000
Cash receipt from customers
600, 000
Depreciation expense
40, 00
Payment of operating expenses
975, 000
Proceeds of BDO loan
350, 000
Dividends income received
23, 000
Asset withdrawal of owner
125, 000
Transcribed Image Text:The following data are taken from the records of F.Shield Company for the year 2020. Prepare a statement of cash flows then determine the following: a. Net cash flow from operating activities b. Net cash flow from investing activities c. Net cash flow from financing activities d. Net increase/decrease in cash e. Cash balance on December 31, 2021 Cash balance on January 1, 2020 is P 308, 00 Pravision for bad debts 28, 000 Proceeds from sale of land 950,000 Receivable from customers 500, 000 Cash purchase of service vehicle 800, 00 900, 000 Additional investment of owner Rent income received 32, 000 Principal long-term loan paid 600, 000 Cash receipt from customers 600, 000 Depreciation expense 40, 00 Payment of operating expenses 975, 000 Proceeds of BDO loan 350, 000 Dividends income received 23, 000 Asset withdrawal of owner 125, 000
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