Identify which of the following transactions fall under operating, investing and financing activities:Cash received from customersCash paid to suppliersCash paid to employeesCash paid to purchase equipment (company does not sell equipment)Cash received from sale of furniture (company’s main line of business is not related to furniture)Depreciation expenseSale of goods on creditPurchase of goods on creditCash received from getting a loan from a bankCash paid to owners Juana’s sari-sari store had the following transactions during the year:Purchase of goods. Paid cash. 100,000Sale of goods. Received cash. 150,000Paid utilities 30,000 d. Paid rent 10,000Sold equipment for cash 100,000Owner withdraws investment 10,000*Compute for the net cash flow generated by/used in operating activitiesUsing the given above, compute for the net cash flow generated by/used in investing activities.Using the given above, compute for the net cash flow generated by/used in financing activities.Using the given above, prepare a Cash Flow Statement.

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Description: Identify which of the following transactions fall under operating, investing and financing activities:Cash received from customersCash paid to suppliersCash paid to employeesCash paid to purchase equipment (company does not sell equipment)Cash receiv

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 12MCQ: Which of the following sentences regarding the statement of cash flows is false? The statement of...

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Identify which of the following transactions fall under operating, investing and financing activities:

Cash received from customers
Cash paid to suppliers
Cash paid to employees
Cash paid to purchase equipment (company does not sell equipment)
Cash received from sale of furniture (company’s main line of business is not related to furniture)
Depreciation expense
Sale of goods on credit
Purchase of goods on credit
Cash received from getting a loan from a bank
Cash paid to owners

Juana’s sari-sari store had the following transactions during the year:

Purchase of goods. Paid cash. 100,000
Sale of goods. Received cash. 150,000
Paid utilities 30,000 d. Paid rent 10,000
Sold equipment for cash 100,000
Owner withdraws investment 10,000

*Compute for the net cash flow generated by/used in operating activities

Using the given above, compute for the net cash flow generated by/used in investing activities.
Using the given above, compute for the net cash flow generated by/used in financing activities.
Using the given above, prepare a Cash Flow Statement.

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