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  • Solution To SCF 2

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    ABC Co.'s statement of cash flows for the period ended December 31, 2017 shows net cash from operating activities of $230,000, with cash receipts from sales of $580,000 offset by cash payments for inventory, salaries, rent and utilities. Cash used in investing activities was $200,000 for equipment acquisition. Cash from financing activities was $140,000, with loan and owner investment cash inflows exceeding owner cash payments. The overall net increase in cash was $170,000.

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    Solution to Scf 2

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    ABC Co.'s statement of cash flows for the period ended December 31, 2017 shows net cash from operating activities of $230,000, with cash receipts from sales of $580,000 offset by cash payments for inventory, salaries, rent and utilities. Cash used in investing activities was $200,000 for equipment acquisition. Cash from financing activities was $140,000, with loan and owner investment cash inflows exceeding owner cash payments. The overall net increase in cash was $170,000.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views1 page

    Solution To SCF 2

    Uploaded by

    EloPoPo
    ABC Co.'s statement of cash flows for the period ended December 31, 2017 shows net cash from operating activities of $230,000, with cash receipts from sales of $580,000 offset by cash payments for inventory, salaries, rent and utilities. Cash used in investing activities was $200,000 for equipment acquisition. Cash from financing activities was $140,000, with loan and owner investment cash inflows exceeding owner cash payments. The overall net increase in cash was $170,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    ABC Co.

    Statement of Cash Flows


    For the period ended December 31, 2017

    Cash flows from operating activities:


    Cash receipts from sale of goods 580,000.00
    Cash paid for purchase of inventory (120,000.00)
    Cash paid for salaries expense (140,000.00)
    Cash paid for rent expense (70,000.00)
    Cash paid for utilities expense (20,000.00)
    Net cash flow from operating activities 230,000.00

    Cash flow from investing activities:


    Cash paid for the acquisition of equipment (200,000.00)
    Net cash used in investing activities (200,000.00)

    Cash flows from financing activities:


    Cash proceeds from loan borrowed 180,000.00
    Cash proceeds from investment by owner 20,000.00
    Cash payments to owner (60,000.00)
    Net cash used in financing activites 140,000.00

    Net increase in cash 170,000.00


    Cash, beginning balance 20,000.00
    Cash, ending balance 190,000.00

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