The Following Cash Transactions Occurred During The Period

The following cash transactions occurred during the period.

INTEREST RECEIVED IN CASH $18,000

PAYMENT OF WAGES TO EMPLOYEES $35,000

PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000

DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000

Fill in the statement of cash flows on the left following US GAAP. Use the direct method for calculating cash flow from Operating Activities.

ACCORDING TO US GAAP

OPERATING ACTIVITIES

SOURCES: ?

(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000

INVESTING ACTIVITIES

SOURCES: ?

(USES:) ?

FINANCING ACTIVITIES

SOURCES: ?

(USES:) ?

Prof. Angela

4.6/5

Calculate Price


Price (USD)
$