Homework Help is Here – Start Your Trial Now!
Business
Accounting
Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 a. Cash purchase of equipment Royalty income received Rent income received b. C. d. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received Interest received from bank deposits Cash paid to suppliers I. m.

Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 a. Cash purchase of equipment Royalty income received Rent income received b. C. d. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received Interest received from bank deposits Cash paid to suppliers I. m.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 52PSB
See similar textbooks
icon
Related questions
Question
Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 а. Cash purchase of equipment Royalty income received Rent income received b. 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 C. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received I. Interest received from bank deposits Cash paid to suppliers m.
Transcribed Image Text:Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 а. Cash purchase of equipment Royalty income received Rent income received b. 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 C. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received I. Interest received from bank deposits Cash paid to suppliers m.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS