Stunning Cash Paid For Equipment Would Be Reported In The Statement
Both are investing activities and would be reported in the investing activities section of the statement of cash flows.
Cash paid for equipment would be reported in the statement. Cash paid to suppliers. Get the detailed answer. It shows how the operating investing and financing activity affects the flow of cash of a company.
Statement of cash flows is a financial statement which reports the inflow and outflow of cash of a company over a particular period of time. 40000 as the net cash used in investing activities. This categorization helps users of financial.
Received cash for the sale of equipment that had cost 66600 yielding a 3800 gain. Patel Company reported the following items in its statement of cash flows presented using the indirect method. With a regular cash flow statement prepared using the direct method we take the following amounts from our accounting records and input them directly in the first section of the statement.
The companies categorize their cash flows into operating investing and financing cash flows. Net Income Depreciation Expense - Current Assets minus increases plus decreases Current Liabilities plus increases minus decreases Cash flows from operations. Issuance of common stock.
A corporation received 50000 in cash when it sold a building and paid 90000 in cash when it purchased some new machinery. Question 16 1 pts Cash paid for equipment would be reported on the statement of cash flows in the cash flows from operating activities section the cash flows from financing activities section the cash flows from investing activities section a separate schedule Question 17 1 pts Cash flow per share is required to be reported. Cash paid for other operating expenses.
Sold equipment for cash b. We then use those amounts to calculate cash generated from operations. It presents information about cash generated from operations and the effects of various changes in the balance sheet on a companys cash position.