- Below Are Cash Transactions For Goldman Incorporated Which Provides Consulting Services Related To Mining Of Precious M 1 (39.02 KiB) Viewed 14 times
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, $1,700. b. Cash provided from consulting to customers, $43,600. c. Cash used for purchase of mining equipment, $69,000. d. Cash provided from long-term borrowing, $56,000. e. Cash used for payment of employee salaries, $23,600. f. Cash used for payment of office rent, $11,600. g. Cash provided from sale of equipment purchased in c. above, $22,100. h. Cash used to repay a portion of the long-term borrowing in d. above, $38,000. i. Cash used to pay office utilities, $3,900. j. Purchase of
company vehicle, paying $9,600 cash. Required: Calculate cash flows from operating activities. (List cash outflows as negative amounts.) Cash flows from operating activities $ 0