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Help me answering this question, please. are cash transactions for Goldman Incor

ID: 2343220 • Letter: H

Question

Help me answering this question, please. are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious motals. a. Cash used for purchase of office supplies, $1,900 b. Cash provided from consulting to customers, $45,600 c. Cash used for purchase of mining equipment, $73,000 d. Cash provided from long-term borrowing, $60,000. e. Cash used for payment of employee salaries, $24,000. f. Cash used for payment of office rent, $12,000 g. Cash provided from sale of equipment purchased in c above, $22,500 h. Cash used to repay a portion f the long-term borrowing in d. above, $40,000. i. Cash used to pay office utilities, $4,300 i Purchase of company vehicle, paying $10,000 cash and borrowing $15,000 Required Calculate cash flows from investing activities. (List cash outflows as negative amounts.) Cash flows from investing activities

Explanation / Answer

c Cash used for puchase of minning equipment -73000 g Cash provided from sale of equipment 22500 j Purchased company vehicle -10000 Cash flow from Investing activities -60500