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Question

83 Secure https/cvg.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?takeAssignmentSession Complete Statement of Cash Flows from Detailed Data o using the following information, prepare a complete statement of cash flows o (a) Cash balance, beginning $1,500 7,800 5,600 450 1,000 (b) Cash pald to purchase inventory (d Cash recelved from sale of a bulding (d) Cash pald for interest (e) Cash pald to repay a loan 10,000 (f) Cash collected from customers (g) Cash balance, ending (h) Cash recelved from Issuance of new shares of common 0) Cash pald for dividends 1,200 780 1,320 1,950 Cash paid for income taxes 0 (h Cash pakd to purchase machinery tide When required, use the minus sign to Indicate cash outflows, any cash payments or a decrease in cash. tb

Explanation / Answer

Statement of Cash Flow Particulars Amount Total Amount Cash paid to purchase inventory              (7,800.00) Cash paid for interest                  (450.00) Cash collected from customers              10,000.00 Income Taxes              (1,320.00) Cash flow from operating activities                    430.00 Cash flow from Investing activities Cash received from sale of building                5,600.00 Purchase of Machinery              (1,950.00) Cash flow from Investing activities                3,650.00 Cash flow from Financing activities Issue of Stock                1,200.00 Repayment of loan              (1,000.00) Dividends Paid                  (780.00) Cash flow from Financing activities                 (580.00) net change in cash and cash equivalents                3,500.00 Opening cash and cash equivalents                1,500.00 Closing cash and cash equivalents                5,000.00

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