Solution-Determine the cash flow for operating activities

Determine the cash flow for operating activities

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Reference no: EM132575945

Question - Determine the cash flow for Operating, Financing and Investing activities for the company and calculate the net change in cash.

Maggna Inc had the following transactions during the current financial reporting period.

Net Loss ($72,000)

Depreciation $17,000

Decrease in accounts receivable $24,500

Increase in inventories $10,600

Increase in accounts payable $33,000

Decrease in income taxes payable $29,500

Decrease in wages payable $13,600

Proceeds on Sale of Equipment $88,000

Repayment of bonds $62,000

Issuance of Common shares $21,000

Proceeds on sale of land $92,000

Loss on sale of land $16,000

Payment of dividends $23,000

Reference no: EM132575945

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Determine the cash flow for operating activities

Reference no: EM132575945

Reference no: EM132575945

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