| | + Mezto. mheducation.com / hm.tpx-Homework 3 Reader Please Help With These T

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| | + Mezto. mheducation.com / hm.tpx-Homework 3 Reader Please Help With These Two Problems. Thank You! | Chegg.com Homework 3 Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. Bookmarks Reading List a. Cash used for purchase of office supplies, $2,200 b. Cash provided from consulting to customers, $48,600 c. Cash used for purchase of mining equipment, $79,000 d. Cash provided from long-term borrowing, $66,000 e. Cash used for payment of employee salaries, $24,600 f. Cash used for payment of office rent, $12,600 g. Cash provided from sale of equipment purchased in c. above, $23,100 h. Cash used to repay a portion of the long-term borrowing in d. above, $43,000 i. Cash used to pay office utilities, $4,900 j. Purchase of company vehicle, paying $10,600 cash and borrowing $15,600 Favorites Bar Required Calculate cash flows from investing activities. (List cash outflows as negative amounts.) Cash flows from investing activities Hints References eBook &Resources;

Explanation / Answer

Cash flows from investing activities:

$ Purchase of mining equipment (79,000) Sale of mining equipment 23,100 Purchase of company vehicle (10,600) Net cash used in investing activities (66,500)

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