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of TR Inc., which provides mining of precious metals. Amount of

of TR Inc., which provides mining of precious metals. Amount of

FINANCIAL ACCOUNTING
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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I need question 19 and 20
Use the following to answer questions 16 – 20 Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. Amount of Transaction Transaction ACash provided from long-term borrowing $250,000 BCash provided from consulting customers 125,000 CCash used for payment of office rent 5,000 DCash used for purchase of office equipment 30,000 E Cash used to pay office utilities 1,200 FCash used for payment of employee salaries 24,300 G|Cash provided from sale of equipment that had been used in operations 20,000 HCash used to pay the bank for a loan due this month 175,000 I Cash used for purchase of office supplies 100 P Purchase of company vehicle paying 30% cash and borrowing the rest. 30,000 16. $ be included in cash used from investing activities? Refer to transaction J, how much should 17. $ Determine the cash flows from operating activities (include “_“ if needed) 18. $ Determine the cash flows from investing activities (include “-“ if needed) 19. $ Determine the cash flows from financing activities (include "-“ if needed) 20. $ How much did cash change over the year?
Transcribed Image Text:Use the following to answer questions 16 – 20 Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. Amount of Transaction Transaction ACash provided from long-term borrowing $250,000 BCash provided from consulting customers 125,000 CCash used for payment of office rent 5,000 DCash used for purchase of office equipment 30,000 E Cash used to pay office utilities 1,200 FCash used for payment of employee salaries 24,300 G|Cash provided from sale of equipment that had been used in operations 20,000 HCash used to pay the bank for a loan due this month 175,000 I Cash used for purchase of office supplies 100 P Purchase of company vehicle paying 30% cash and borrowing the rest. 30,000 16. $ be included in cash used from investing activities? Refer to transaction J, how much should 17. $ Determine the cash flows from operating activities (include “_“ if needed) 18. $ Determine the cash flows from investing activities (include “-“ if needed) 19. $ Determine the cash flows from financing activities (include "-“ if needed) 20. $ How much did cash change over the year?
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