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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:Proceeds from sale of copyrights
Proceeds from sales of trademarks
Written Work #2:
Inquire from your family members and relatives how credit card transactions generate cash to the seller
Why would seller resort to selling through credit cards?
Rubrics. Question is rated from 1-10, with 10 being the highest rating, and 1 as the lowest rating.
Performance Task #1:
Application and Creation. Below are the cash transactions of Algeria Co. for December 31,2015.
(25,000)
50,000
(5,000)
25,000
115,000
100,000
Cash payment to suppliers of goods and services
Cash receipts from rendering of services
Payment to owners
Proceeds from bank loans
Proceeds from cash investment of owners
Payment for acquisition of equipment
Cash at the beginning of the year
1,000,000
Instructions. Prepare the statement of cash flows using the direct method. After which, answer the
following questions.
1.
How much is cash flow from operating activities?
2. How much is cash flow from investing activities?
3
How much is cash flow from financing activities?
SUBIC BAY COLLEGES (SBCI), INC.
#2&3 - 18th Street, West Bajac-Bajac, Olongapo City
Telefax: 047-6024327 Mobile: (+63) 920-9020591 Email: sbci_817@yahoo.com
SBC
4. How much is the net increase or decrease in cash for the year?
5. How much is cash as at December 31,2015?
Prepared by:
Stephanie Pathrixzh B. Nemenzo
Subject Teacher
1/2
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- Please answer within 45 min thankyou...arrow_forwardprepare the statement of cash flow. Thank you. Hoping that it would not be blankarrow_forwardThe following income statement was drawn from the annual report of Newtown Company: Cash revenue $ 69,800 Depreciation expense (24,900) Accrued interest expense (10,400) Cash operating expenses (29,700) Operating income 4800 Gain on sale of equipment 2600 Net income $ 7400 What is the net cash flow from operating activities? Group of answer choices $40,100 $42,700 $35,300 $32,700 Trainingarrow_forward
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