Use the following data to solve this problem. Cash payments for interest $ (12 ) Retirement of common stock (32 ) Cash payments to merchandise suppliers (85 ) Purchase of land (8 ) Sale of equipment 30 Payments of dividends (37 ) Cash payment for salaries (35 ) Cash collection from customers 260 Purchase of equipment (40 ) a. Calculate net cash flows from operating activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.) Cash flows from operating activities $ b. Calculate net cash flows from investing activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.) Cash flows from investing activities $ c. Calculate net cash flows from financing activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.) Cash flows from financing activities $
Use the following data to solve this problem. Cash payments for interest $ (12 ) Retirement of common stock (32 ) Cash payments to merchandise suppliers (85 ) Purchase of land (8 ) Sale of equipment 30 Payments of dividends (37 ) Cash payment for salaries (35 ) Cash collection from customers 260 Purchase of equipment (40 ) a. Calculate net cash flows from operating activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.) Cash flows from operating activities $ b. Calculate net cash flows from investing activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.) Cash flows from investing activities $ c. Calculate net cash flows from financing activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.) Cash flows from financing activities $
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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Use the following data to solve this problem.
| Cash payments for interest | $ | (12 | ) |
| Retirement of common stock | (32 | ) | |
| Cash payments to merchandise suppliers | (85 | ) | |
| Purchase of land | (8 | ) | |
| Sale of equipment | 30 | ||
| Payments of dividends | (37 | ) | |
| Cash payment for salaries | (35 | ) | |
| Cash collection from customers | 260 | ||
| Purchase of equipment | (40 | ) | |
a. Calculate net cash flows from operating activities? (
Cash flows from operating activities $
b. Calculate net cash flows from investing activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.)
Cash flows from investing activities $
c. Calculate net cash flows from financing activities? (Cash outflows should be indicated by a minus sign. Omit the "$" sign in your response.)
Cash flows from financing activities $
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