20. Statement of Cash Flows LO5 The following information is for Pasture Corp.:
ID: 2466148 • Letter: 2
Question
20.
Statement of Cash Flows LO5
The following information is for Pasture Corp.:
Cash received from customers
$65,000
Cash received from lenders
20,000
Cash paid to suppliers
20,000
Cash paid for new equipment
50,000
Cash paid for dividends
4,000
Required
Indicate on what section of the statement of cash flows each item would appear and calculate Pasture's net change in cash.
Cash received from customers
$65,000
Cash received from lenders
20,000
Cash paid to suppliers
20,000
Cash paid for new equipment
50,000
Cash paid for dividends
4,000
Explanation / Answer
Statement of Cash Flow Particulars Amount Total Amount Cash received from customers 65,000.00 Cash paid to suppliers (20,000.00) Cash flow from operating activities 45,000.00 Cash flow from Investing activities Cash paid for new equipment (50,000.00) Cash received from lenders 20,000.00 Cash flow from Investing activities (30,000.00) Cash flow from Financing activities Cash paid for dividends (4,000.00) Cash flow from Financing activities (4,000.00) Net Change in cash and cash equivalents 11,000.00
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