Identify which of the following transactions fall under operating, investing and financing activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid to purchase equipment (company does not sell equipment) Cash received from sale of furniture (company’s main line of business is not related to furniture) Depreciation expense Sale of goods on credit Purchase of goods on credit Cash received from getting a loan from a bank Cash paid to owners Juana’s sari-sari store had the following transactions during the year: Purchase of goods. Paid cash. 100,000 Sale of goods. Received cash. 150,000 Paid utilities 30,000 d. Paid rent 10,000 Sold equipment for cash 100,000 Owner withdraws investment 10,000 *Compute for the net cash flow generated by/used in operating activities Using the given above, compute for the net cash flow generated by/used in investing activities. Using the given above, compute for the net cash flow generated by/used in financing activities. Using the given above, prepare a Cash Flow Statement.
Identify which of the following transactions fall under operating, investing and financing activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid to purchase equipment (company does not sell equipment) Cash received from sale of furniture (company’s main line of business is not related to furniture) Depreciation expense Sale of goods on credit Purchase of goods on credit Cash received from getting a loan from a bank Cash paid to owners Juana’s sari-sari store had the following transactions during the year: Purchase of goods. Paid cash. 100,000 Sale of goods. Received cash. 150,000 Paid utilities 30,000 d. Paid rent 10,000 Sold equipment for cash 100,000 Owner withdraws investment 10,000 *Compute for the net cash flow generated by/used in operating activities Using the given above, compute for the net cash flow generated by/used in investing activities. Using the given above, compute for the net cash flow generated by/used in financing activities. Using the given above, prepare a Cash Flow Statement.
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 1EA: Identify whether each of the following transactions, which are related to revenue recognition, are...
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- Identify which of the following transactions fall under operating, investing and financing activities:
- Cash received from customers
- Cash paid to suppliers
- Cash paid to employees
- Cash paid to purchase equipment (company does not sell equipment)
- Cash received from sale of furniture (company’s main line of business is not related to furniture)
- Depreciation expense
- Sale of goods on credit
- Purchase of goods on credit
- Cash received from getting a loan from a bank
- Cash paid to owners
- Juana’s sari-sari store had the following transactions during the year:
- Purchase of goods. Paid cash. 100,000
- Sale of goods. Received cash. 150,000
- Paid utilities 30,000 d. Paid rent 10,000
- Sold equipment for cash 100,000
- Owner withdraws investment 10,000
*Compute for the net cash flow generated by/used in operating activities
- Using the given above, compute for the net cash flow generated by/used in investing activities.
- Using the given above, compute for the net cash flow generated by/used in financing activities.
- Using the given above, prepare a Cash Flow Statement.
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