The information above is from a monopoly game. 1) using the transaction above to
ID: 2543154 • Letter: T
Question
The information above is from a monopoly game.
1) using the transaction above to create a cashflow statement.
( i want help on how i can use the information above to prepare a statement of cashfllows.)
1. CHANCE a. Went to Jail b. -20 BOUGH . States Avenue 4. BOUGHT . Marvin Gardens b. -280 5. RENT a. North Carolina Avenue b.-26 6. BOUGHT . Park Place 350 7. PASSED GO a. +500 b. INCOME TAX 20 8. BOUGHT a. Virginia Ave 160 9. Landed on owned property 10. GO TO JAIL 11 PASS GO 12. CHANC 13. 3 Houses bought for orange 14. RENT income a. -20 a. +500 a. +50 from bank a. -300Explanation / Answer
The given type of question is so typical which we haven't come across often, I would try my best to guide you to do so.
By going through the information given it can be understood that the amounts indicated with minus sign are outflows of cash and the ones indicated with the plus sign are inflows of cash.
Since you're required to prepare a cash flow statements and all you require is inflows and outflows of cash, you can prepare the statements with the help of above mentioned data in second part of the answer.
Hope this would be helpful to you.
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