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Laker Company has provided the following information for its most recent year of operation: Cash collected...

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Accounting

Laker Company has provided the following information for itsmost recent year of operation: Cash collected from customerstotaled $99,300 Cash borrowed from banks totaled $42,700 Cash paidto employees totaled $23,300 Cash paid for interest expense totaled$3,100 Cash received from selling an investment in Husky stocktotaled $73,000 Cash payments to banks for repayment of moneyborrowed totaled $9,700. (principal only) Cash paid for operatingexpenses totaled 11,200 Land costing $75,000 was sold for &$75,000 cash Cash paid for dividend payments to stockholderstotaled $7,700 a. calculate Laker's net cash flow for financingactivities, b. calculate Laker's net cash flow from investingactivities

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3.9 Ratings (456 Votes)

Particulars Amount Total Amount
Cash flow from operating activities
Cash collected from customers               99,300.00
Cash paid to employees            (23,300.00)
Cash paid for interest expense                 (3,100.00)
Cash paid for operating expenses            (11,200.00)
Cash flow from operating activities            61,700.00
Cash flow from Investing activities
Cash received from selling an investment in Husky stock            (73,000.00)
Sale of land               75,000.00
Cash flow from Investing activities               2,000.00
Cash flow from Financing activities
Cash borrowed from banks               42,700.00
Cash payments to banks for repayment of money borrowed               (9,700.00)
Dividend paid               (7,700.00)
Cash flow from Financing activities            25,300.00

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