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3 years ago

Prepare a statement of cash flows

Business

1 answer:

notsponge [240]3 years ago

5 0

Answer:

Required 1

1. operating activities (OA) and investing activities (IA)

2. financing activities (FA)

3. financing activities (FA), operating activities (OA) and investing activities (IA)

4. financing activities (FA)

5. operating activities (OA)

6. financing activities (FA)

Required 2

<u>All-Star Automotive Company</u>

<u>Statement of cash flows for the year ended 2013</u>

Cash Flow from Operating Activities

Service Revenue $25,000

Salary Expense Paid - $14,000

Utilities Expenses - $2,800

Net Cash from Operating Activities $8,200

Cash Flow from Investing Activities

Land Purchase - $6,000

Proceeds from Sale of Land $9,000

Net Cash from Investing Activities $3,000

Cash Flow from Financing Activities

Issue of Common Stock $50,000

Loan Payable Acquired $5,000

Repayment of Loan - $2,000

Dividends Paid - $5,000

Net Cash from Financing Activities $48,000

Movement during the year $59,200

Cash and Cash Equivalents at the Beginning $9,000

Cash and Cash Equivalents at the End $68,200

Explanation:

Cash Flow from Operating Activities

This section shows the cash derived from daily operating activities of the business .

Cash Flow from Investing Activities

This section shows the cash derived from acquisition or sale of tangible and intangible assets of a long term.

Cash Flow from Financing Activities

This section shows the cash derived from the sources of finance and the repayments thereoff.

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3 years ago

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Answer:

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Answer:

B. decrease

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3 years ago

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Net Income flows from the income statement to the statement of retained earnings.

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1 year ago

If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d

Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

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3 years ago