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In: Accounting

The following information is known about ZNET Company at December 31, 2019: Cash at the beginning...

The following information is known about ZNET Company at December 31, 2019:

Cash at the beginning of the year (1 January, 2019) 3,000 Eur

Accumulated amortization 20,000 Eur

Amortization expense 5,000 Eur

Increase in accounts payable from purchase of supplied and merchandise 8,000 Eur

Sale of vehicles 13,000 Eur

Purchase of land 8,000 Eur

Gain on sale of vehicles 2,000 Eur

Purchase of equipment 1,000 Eur

Net income 17,000 Eur

Received a 2-years bank loan of 6,000 Eur

Indicate the following missing information:

According to data given above, the company can prepare a cash-flow statement according to _______  method. (Which method?)

Cash ending balance at 31 December is _______

Net cash flow from operating activities is _____

Net cash flow from investing activities is _______

Net cash flow from financing activities is ______

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ekkarill92 answered 1 year ago
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