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Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,000. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures $ 4,000 29,500 14,000 5,000 24,000 8,000 STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures Cash received from customers Net cash provided by operating activities $ 29,500 8,000 29,500 67,000 Cash flows from investing activities Cash paid for truck Cash paid for equipment 24,000 5,000 Net cash provided by investing activities. 29,000 Cash flows from financing activities Cash investments from shareholders 14,000 4,000 Cash dividends to shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 18,000 3,000 $ 26,500

Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,000. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures $ 4,000 29,500 14,000 5,000 24,000 8,000 STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures Cash received from customers Net cash provided by operating activities $ 29,500 8,000 29,500 67,000 Cash flows from investing activities Cash paid for truck Cash paid for equipment 24,000 5,000 Net cash provided by investing activities. 29,000 Cash flows from financing activities Cash investments from shareholders 14,000 4,000 Cash dividends to shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 18,000 3,000 $ 26,500

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,000. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures $ 4,000 29,500 14,000 5,000 24,000 8,000 STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures Cash received from customers Net cash provided by operating activities $ 29,500 8,000 29,500 67,000 Cash flows from investing activities Cash paid for truck Cash paid for equipment 24,000 5,000 Net cash provided by investing activities. 29,000 Cash flows from financing activities Cash investments from shareholders 14,000 4,000 Cash dividends to shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 18,000 3,000 $ 26,500
Transcribed Image Text:Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,000. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures $ 4,000 29,500 14,000 5,000 24,000 8,000 STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures Cash received from customers Net cash provided by operating activities $ 29,500 8,000 29,500 67,000 Cash flows from investing activities Cash paid for truck Cash paid for equipment 24,000 5,000 Net cash provided by investing activities. 29,000 Cash flows from financing activities Cash investments from shareholders 14,000 4,000 Cash dividends to shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 18,000 3,000 $ 26,500
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