Answer:
Explanation:
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $2,300.
b. Cash provided from consulting to customers, $49,600.
c. Cash used for purchase of mining equipment, $81,000.
d. Cash provided from long-term borrowing, $68,000.
e. Cash used for payment of employee salaries, $24,800.
f. Cash used for payment of office rent, $12,800.
g. Cash provided from sale of equipment purchased in c. above, $23,300.
h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000.
i. Cash used to pay office utilities, $5,100.
j. Purchase of company vehicle, paying $10,800 cash.
Required:
Calculate cash flows from operating activities.
Answer:
Explanation:
d. Ca
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