Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 a. Cash purchase of equipment Royalty income received Rent income received b. C. d. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received Interest received from bank deposits Cash paid to suppliers I. m.
Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 a. Cash purchase of equipment Royalty income received Rent income received b. C. d. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received Interest received from bank deposits Cash paid to suppliers I. m.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Activity 1. Identify which of the following falls under operating, investing, financing or
Non-cash and then prepare statement of cash flows for the year ended December 31,
2020 with cash balance beginning of P177,000.
Transactions
Amount
Activity
Collection of accounts
990,000.00
110,000.00
а.
Cash purchase of equipment
Royalty income received
Rent income received
b.
9,000.00
32,000.00
180,000.00
400,000.00
14,000.00
60,800.00
15,500.00
14,000.00
3,980.00
39,000.00
C.
f.
Operating expenses
Principal of bank loan paid
Interest on bank loan paid
Proceeds from sale of furniture
g.
h.
i,
j.
k.
Cash dividends received
Commission income received
I.
Interest received from bank deposits
Cash paid to suppliers
m.
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