Question

In: Accounting

Purchase equipment $ 3,700 Pay rent 550 Repay loan to the bank 5,800 Pay workers’ salaries...

Purchase equipment $ 3,700 Pay rent 550 Repay loan to the bank 5,800 Pay workers’ salaries 550

What is the total amount of cash paid for operating activities?

Solutions

Expert Solution

Cash flow statement (partial)

Operating Activities

Rent Expense

$550

Salaries Expense

$550

Total cash paid for operating Activities

$1100

Note: Purchase equipment amounting to $3700 is Investing Activities and Repay loan to bank amounting to $5800 is Financing Activities.

ekkarill92 answered 2 years ago
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