Using the given above, compute for the net cash flow generated by/used ina) Operating Activitiesb) Investing Activitiesc) Financing Activities Pale Company uses the direct method to prepare its statement of cash flows, Pale had the followingcash flows during 2012:Cash receipts from issuance of bondsCash from the issuance of ordinaryP 800,000.00Cash receipts from customersCash payments for dividends on long term investmentCash receipts from repayment of loan made to another companyCash payments for wages and other operating expense1,400,000.00700,000.00105,000.00660,000.00420,000.00Cash payments for requisition of treasury sharesCash payments for dividendsCash payments for taxes250,000.0070,000.00140,000.00280,000.00Cash payments to purchase land

Cash flow statement means the statement which shows the cash flow in or out of business enterprises…

Answered: Using the given above, compute for the…

Using the given above, compute for the net cash flow generated by/used in a) Operating Activities b) Investing Activities c) Financing Activities

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.18E

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