Below are cash transactions for Goldman Incorporated, which provides consulting

Question

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals a. Cash used for purchase of office supplies, $1,650 b. Cash provided from consulting to customers, $43,100 c. Cash used for purchase of mining equipment, $68,000. d. Cash provided from long-term borrowing, $55,000 e. Cash used for payment of employee salaries, $23,500. f. Cash used for payment of office rent, $11,500 g. Cash provided from sale of equipment purchased in c. above, $22,000 h. Cash used to repay a portion of the long-term borrowing in d. above, $37,500 i. Cash used to pay office utilities, $3,800 j. Purchase of company vehicle, paying $9,500 cash and borrowing $14,500 Required Calculate cash flows from investing activities. (List cash outflows as negative amounts.) Cash flows from investing activities

Explanation / Answer

Calculate cash flow from investing activities :

Purchase of mining equipment -68000 Sales of equipment 22000 Purchase of vehicle -9500 Net cash flow from investing activities -55500

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