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Mnenie [13.5K]
2 years ago
9

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.

Business
1 answer:
alina1380 [7]2 years ago
7 0

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

.v]l\[lf[p]f\fr;f7f,c7v;,v  ],\],t\],\,  [t b[' l] ] l,m 5 eg;l, t tp;l,t b2  

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