The information above is from a monopoly game. 1) using the transaction above to

Question

The information above is from a monopoly game.

1) using the transaction above to create a cashflow statement.

( i want help on how i can use the information above to prepare a statement of cashfllows.)

1. CHANCE a. Went to Jail b. -20 BOUGH . States Avenue 4. BOUGHT . Marvin Gardens b. -280 5. RENT a. North Carolina Avenue b.-26 6. BOUGHT . Park Place 350 7. PASSED GO a. +500 b. INCOME TAX 20 8. BOUGHT a. Virginia Ave 160 9. Landed on owned property 10. GO TO JAIL 11 PASS GO 12. CHANC 13. 3 Houses bought for orange 14. RENT income a. -20 a. +500 a. +50 from bank a. -300

Explanation / Answer

As we are well aware that cash flow statements is prepared with the items relating to inflows and outflows of cash.

But this type of question is a rare coincidence for us as we are not regularly accustomed to such kind of ones.

By looking at the given information I can suggest you to consider the amounts with plus signs as inflows and the ones marked with minus signs are outflows of cash and by basing on this assumption or idea we can try to prepare the cash flow statements.

This is all what I could understand from the information given.

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