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problem: From the following selected information, find out:

[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:

Cash receipts from:

 

Customers

$270,000

 Investments by owners

54,000

 Sale of building

90,000

 Proceeds from bank loan

60,000

Cash payments for:

 

 Wages

 

 Utilities

3,000

 Advertising

4,000

 Rent

36,000

 Taxes

67,000

 Dividends

20,000

 Repayment of principal on loan

40,000

 Purchase of land

106,000

Cash balance at beginning of year

$386,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M922611

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