The order of presentation of activities on the statement of cash flows is
a. Operating, investing, financing
b. Financing, investing, operating
c. Operating, financing, investing
d. Financing, operating, investing
The order of presentation of activities on the statement of cash flows is
a. Operating, investing, financing
b. Financing, investing, operating
c. Operating, financing, investing
d. Financing, operating, investing
Related questions
A company's income statement showed the following: net income,$126,000; depreciation expense, $37,000; and gain on sale of plantassets, $13,000. An examination of the company's current assets andcurrent liabilities showed the following changes as a result ofoperating activities: accounts receivable decreased $9,500;merchandise inventory increased $17,500; prepaid expenses decreased$6,900; accounts payable increased $3,400. Calculate the net cashprovided or used by operating activities.
a)$152,300.
b)$64,500.
c)$213,300.
d)$119,500.
e) $138,600.
question 2
Given the following information, determine the amount of cashflows from investing and financing activities.
| Net Income | $58,000 |
| Loss on sale of plantassets | 19,000 |
| Cash received from saleof plant assets | 35,000 |
| Cash received fromissuing stock | 80,000 |
| Increase in incometaxes payable | 120,000 |
Cash used by investing activities, $35,000;
Cash used by financing activities, $61,000.
Cash provided by investing activities, $16,000;
Cash provided by financing activities, $80,000.
Cash used by investing activities, $16,000;
Cash used by financing activities, $80,000.
Cash provided by investing activities, $35,000;
Cash provided by financing activities, $61,000.
Cash provided by investing activities, $35,000;
Cash provided by financing activities, $80,000.
