Activity 1. Identify which of the following falls under operating, investing, financing orNon-cash and then prepare statement of cash flows for the year ended December 31,2020 with cash balance beginning of P177,000.TransactionsAmountActivityCollection of accounts990,000.00110,000.00а.Cash purchase of equipmentRoyalty income receivedRent income receivedb.9,000.0032,000.00180,000.00400,000.0014,000.0060,800.0015,500.0014,000.003,980.0039,000.00C.f.Operating expensesPrincipal of bank loan paidInterest on bank loan paidProceeds from sale of furnitureg.h.i,j.k.Cash dividends receivedCommission income receivedI.Interest received from bank depositsCash paid to suppliersm.

Cash flow statement is one of the financial statement of business which shows all cash inflows and…

Answered: Activity 1. Identify which of the…

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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Q5. Use the following information about the calendar-year cash flows of MacArthur Company to prepare a statement of cash flows (direct method) and a schedule of noncash investing and financing activities. Cash and cash equivalents, beginning-year balance $ 18,000 Cash and cash equivalents, year-end balance Cash payments for merchandise inventory Cash paid for store equipment Cash borrowed on three-month note payable Cash dividends paid Cash paid for salaries Cash payments for other operating expenses Cash received from customers Cash interest received Answer: 78,750 75,750 15,750 22,500 12,000 39,000 48,000 220,500 8,250
Can you add the information to the table below. Accounts Receivable Beginning balance Ending Balance 0 What is the net increase or decrease in the Cash account for year 2021?
04-Principles of Management Acco My courses / BUSS 104-1-20202 / MAKEUP TEST SCHEDULED FOR Thursday 6th st (06-05-2021 from 11:00 to 12: Noon) If a company purchased avalaible for sale securities with cash, this would be reported on the statement of cash flows as? Select one: in O a. Financing Activities cash outflow O b. Investing Activities cash outflow O c. Financing Activities cash inflow d. Operating activities cash outflow Clear my choice Next page page
This Information will be used for all questions: Selected Balance Sheet Information Year 2020 Year 2021 Cash 40,000 ? Accounts Receivable 10,000 14,000 Prepaid Rent 5,000 6,000 Inventory 35,000 30,000 Accounts Payable 3,000 2,000 Unearned Revenue 5,000 7,000 Income Taxes Payable 14,000 12,000 Other Relevant Information for 2021 Beginning Cash Balance 40,000 Net Income 65,000 Depreciation Expense 40,000 Cash Paid for Dividends 10,000 Cash Received for Loan 40,000 Cash Repaying Loan 10,000 Cash Payment to Purchase Land 12,000 Cash Received for Sale of Equipment 15,000 Gain on Sale of Equipment 5,000 Cash Received for Issuance of Stock…
This Information will be used for all questions: Selected Balance Sheet Information Year 2020 Year 2021 Cash 40,000 ? Accounts Receivable 10,000 14,000 Prepaid Rent 5,000 6,000 Inventory 35,000 30,000 Accounts Payable 3,000 2,000 Unearned Revenue 5,000 7,000 Income Taxes Payable 14,000 12,000 Other Relevant Information for 2021 Beginning Cash Balance 40,000 Net Income 65,000 Depreciation Expense 40,000 Cash Paid for Dividends 10,000 Cash Received for Loan 40,000 Cash Repaying Loan 10,000 Cash Payment to Purchase Land 12,000 Cash Received for Sale of Equipment 15,000 Gain on Sale of Equipment 5,000 Cash Received for Issuance of Stock…
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From the information below, prepare a complete statement of cash flows for 2020 using the indirect method. Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/(Decrease) Assets Cash and cash equivalent 15300 25,900 (10,600) Accounts Receivable 43,200 39,000 4200 Inventories 93,700 139,900 (46,200) Fixed Assets, net 251,600 210,300 41,300 Total Assets 403,800 415,100 (11,300) Liabilities Accounts payable 26,600 21,000 5,600 Accrued liabilities 22,800 24,100 (1,300) Long-term notes payable 62,000 65,000 (3000) Stockholders' Equity: Common Stock…
Based on the following information, compute cash flows from financing activities under GAAP.Purchase of investments $ 250Dividends paid 1,200Interest paid 400Additional borrowing from bank 2,800
Q: Create a statement of cash flows for the year ended December 31, 2019 using the followings data.
Please solve this question
Question: Amount of Free Cash Flows? (Round to the nearest 2 decimal places)

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