Exercise 4-18A Calculate financing cash flows (L04-7) Below are cash transactions for Goldman Incorporated, which...
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Exercise 4-18A Calculate financing cash flows (L04-7) 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, $2,400. b. Cash provided from consulting to customers, $50,600 c. Cash used for purchase of mining equipment, $83,000, d. Cash provided from long-term borrowing, $70,000 e. Cash used for payment of employee salaries, $25,000 1. Cash used for payment of office rent, $13.000 9. Cash provided from sale of equipment purchased in c above $23,500. h Cash used to repay a portion of the long-term borrowing in d above, $45,000 Cash used to pay office utilities $5,300 Purchase of company vehicle, paying $11,000 cash Required: Calculate cash flows from financing activities. (List cash outflows as negative amounts.) Cash flows from financing activities
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