Question: From the following selected information, calculate:
[A] Net cash flow provided by operating activities.
[B] Net cash flow provided by investing activities.
[C] Net cash flow provided by financing activities
[D] Net increase (decrease) in cash during the year.
The cash balance at the end of the year.
Cash receipts from:
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Cash receipts from:
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|
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Customers
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$270,000
|
|
Investments by owners
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54,000
|
|
Sale of building
|
90,000
|
|
Proceeds from bank loan
|
60,000
|
|
Cash payments for:
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|
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Wages
|
|
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Utilities
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3,000
|
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Advertising
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4,000
|
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Rent
|
36,000
|
|
Taxes
|
67,000
|
|
Dividends
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20,000
|
|
Repayment of principal on loan
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40,000
|
|
Purchase of land
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106,000
|
|
Cash balance at beginning of year
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$386,000
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