A summary of the entries in the Cash account of Staple Ltd for the month of January was as follows: $Cash from accounts receivable40 000Cash sales25 000Dividends received10 000Cash from issue of shares60 000Payments to accounts payable30 000Payments for wages15 000Purchase of land20 000Payment of dividends20 000Purchase of plant45 000Payment of taxes25 000Payment of interest10 000What was the cash flow from investing activities of Staple Ltd?

Cash flow from investing activity includes transections related to sale or purchase of fixed assets…

Answered: A summary of the entries in the Cash…

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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Question

A summary of the entries in the Cash account of Staple Ltd for the month of January was as follows:

	$
Cash from accounts receivable	40 000
Cash sales	25 000
Dividends received	10 000
Cash from issue of shares	60 000
Payments to accounts payable	30 000
Payments for wages	15 000
Purchase of land	20 000
Payment of dividends	20 000
Purchase of plant	45 000
Payment of taxes	25 000
Payment of interest	10 000