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, $2,350 b. Cash provided from consulting to customers, $50,100. c. Cash used for purchase of mining equipment, $82,000. d. Cash provided from long-term borrowing, $69,000 e. Cash used for payment of employee salaries, $24,900. f. Cash used for payment of office rent, $12,900 g. Cash provided from sale of equipment purchased in c. above, $23,400. h. Cash used to repay a portion of the long-term borrowing in d. above, $44,500. i. Cash used to pay office utilities, $5,200. j. Purchase of company vehicle, paying $10,900 cash and borrowing $15,900. Required: Calculate cash flows from investing activities. (List cash outflows as negative amounts.) Cash fows from investing activicesS References eBook & Resources esc 0 FI F3 FS

Explanation / Answer

Rest of the activities does not come under investing activities.

Particulars Amount Cash used for mining equipment -82000 Cash provided from Sale of equipment 23400 Purchase of company vehicle -10900 Total Cash Flows from investing activities -69500

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