Reference no: EM133177944
Question - Using information provided below for the year 2020.
Opening cash balance for the company- $98,000.
Golden Bay anticipating $1,004,000 as a cash receipt from the sale of goods.
Payment to be made to purchase material was $469,000.
Accounts payable interest amounting to $12,000.
Tax of $136,000 to be paid.
Company selling the stock investment for $1000. Same year company will be purchasing a new plant and equipment for $676,000.
10%, ten-year bonds selling for $300,000 and payment of dividend to its shareholders to be recorded as $36,000.
Required - Compute the net cash from operating, financing, and investing activities.
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Complete the tabular analysis of the transactions
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Explain your methods and justify your assumptions
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