Assignment #2

Name: XXX
New Age CORPORATION
Statement of Cash Flow
For the Month ended Dec 31, 2019

In US$
Cash flow from operating activities:
Cash received from revenues 1000,000
Cash paid for expenses (125,000)
Net Cash flow from operating activities 875,000

Cash Flow from investing activities:

Cash Paid For Building Purchase (2000,00)
Cash Received for the disposal of 400,000
Land
Net cash flow from investing activities 200,000

Cash flows from financing activities:

Investment from the owner 200,000
Cash paid for bank loans (85,000)
Net cash flow from financing activities 115,000

Increase / (decrease) in cash balance 1190,000

ADD: Cash balance, Dec 1, 2019 600,000
Cash balance, Dec 31, 2019 1790,000
Registration ID# XXX