1 how much is the net cash flows from investing activities


Ako Co's accountant is preparing the company's Statement of Cash Flows for 200B. Selected information that may be helpful in the preparation of the Statement is as follows:

Dec 31 200B

Dec 31 200A

Increase (Decrease)

Cash

53,760

10,400

43,360

Accounts Receivable

62,000

48,800

13,200

Inventories

66,720

69,360

(2,640)

Accounts Payable

41,680

40,080

1,600

From the 200B income statement:

Sales                                       526,640

Operating Expenses               464,000

Income Before Tax                62,640

Income Tax                            28,240

Net Income                            34,400

Other Information:

  • Included in the operating expenses are:
    • Loss of 1,920 resulting from the sale of an equipment for 21,600 cash
    • Depreciation expense 70,400
  • The Company purchase machinery for 60,000 cash during the year
  • The income tax shown on the income statement was paid in full during the year
  • During the year, the company declared and paid dividends of 16,000

Requirement:

1. How much is the net cash flows from investing activities?

2. How much is the net cash flows from financing activities?

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Basic Statistics: 1 how much is the net cash flows from investing activities
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