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In: Accounting

During the year, Jumping Jacks, paid cash to purchase land. reported in the statement of cash...

During the year, Jumping Jacks, paid cash to purchase land. reported in the statement of cash flows?  How would Jumping Jacks report this on the statement of cash flows?

Hoola Hoops is preparing a Cash Flow Statement for the fiscal year ended September 30, 2020.  Which of the following transactions affects Hoola Hoops’ Cash Flows?

Bravo Company prepared a Cash Flow Statement that included the following information. Cash from operating activities was $39,000, cash used for investing activities was ($59,000) and the net change in cash was $70,000, Based on this information what was cash from/used for financing activities?

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Expert Solution

During the year, Jumping Jacks, paid cash to purchase land. reported in the statement of cash flows?  How would Jumping Jacks report this on the statement of cash flows?

This will be reported as cash outflow from investing activity.

Hoola Hoops is preparing a Cash Flow Statement for the fiscal year ended September 30, 2020.  Which of the following transactions affects Hoola Hoops’ Cash Flows?

Payment of cash dividend ( as options are not given ) / Purchase of equipment will affect. The transaction in which there is actual cash outflow or cash inflow will affect Cash Flow Statement for the fiscal year ended September 30, 2020.

Bravo Company prepared a Cash Flow Statement that included the following information. Cash from operating activities was $39,000, cash used for investing activities was ($59,000) and the net change in cash was $70,000, Based on this information what was cash from/used for financing activities?

Cash from operating activities was $39,000 +  cash used for investing activities was ($59,000) + cash from/used for financing activities = net change in cash was $70,000

( 20000 ) + cash from/used for financing activities = net change in cash was $70,000

cash from financing activities = 70000 + 20000 = $ 90000


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