Question

Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used for payment of employee salaries Cash provided from sale of equipment that had been used in operations 125,000 2,000 Cash used for purchase of office supplies Cash used for purchase of office equipment 300,000 Cash used to pay office utilities 6,000 Cash used for payment of office rent 12,000 Cash provided from consulting customers 550,000 250,000 Cash provided from long-term borrowing Cash used to pay the bank for a loan due this month 75,000 Purchase of company vehicle paying 4/10 cash and borrowing the rest. 50,000 16. $ _Refer to transaction J, how much should be included in cash used from investing activities? Determine the net cash flows from operating activities (include "-" if needed) 18. _Determine the net cash flows from investing activities (include "-" if needed) 19. $. Determine the net cash flows from financing activities (include "-" if needed) 20. $. How much did cash change over the year?

Answer 1

1.

	Transaction	Cash involved	Type of cash flow
12.	Paid dividends to stockholders	Yes	F
13.	Paid interest on loan	Yes	F
14.	Provided services to customers on account	No	N
15.	Paid for equipment purchased for the company	Yes	I