During 20X1, Craig Company had the following transactions:
Required:
1.
Construct the section of cash from investing cash flows from the statement of cash flows.
Cash Flows from Investing Activities:
This category of a cash flow statement shows the investing activities which involves the purchase or sale of long-term assets. This includes acquiring new asset or acquiring stock in another company.
The calculation of investing cash flows for the current year is shown in table below:
C Company | |
Cash Flow Statement | |
For the year ended 20X1 | |
Particulars | Amount ($) |
Cash flows from investing activiti... |
2.
Explain the manner in which the C Company can cover the negative cash flow. Also, explain the other information required to make the decision.
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