f.5 M.1 Statement of cash flows

Question 1

Net cash from operating activities=350,000, net investing cash=415,000 and financing cash=250,000 find the ending cash balance with a beg cash balance of 20k and 40k rec from sale and a sale of land of 25k

Answer 1

take beg cash at the cash from operating- cash from investing+ cash from financing= ending cash

Question 2

What is included in the investment activities section of cash flows

Answer 2

Collection of a note receivable from another party.

Question 3

How are transactions related to notes payable treated on the statement of cash flows

Answer 3

principle payments= financing activities
interest payments=operating activities (cash outflows)

Question 4

Equity method