80.2K

Verified Solution

Link Copied!

Question 1 (6 points) Selected financial information follows for Souter Inc. for the year ended December 31, 2021: Cash, January 1 Cash payments for operating activities Cash paid for equipment Repayment of long-term debt Cash dividends paid Cash receipts from operating activities $90,000 $318,000 $70,000 $23,000 $16,000 $436,000 What is the cash flows from Operating Activities? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 Selected financial information follows for Souter Inc. for the year ended December 31, 2021: Cash, January 1 Cash payments for operating activities Cash paid for equipment Repayment of long-term debt Cash dividends paid Cash receipts from operating activities $90,000 $318,000 $70,000 $23,000 $16,000 $436,000 What is the cash flows from Investing Activities? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 Selected financial information follows for Souter Inc, for the year ended December 31, 2021: Cash, January 1 $90,000 What is the cash flows from Investing Activities? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 Selected financial information follows for Souter Inc. for the year ended December 31, 2021: Cash, January 1 Cash payments for operating activities Cash paid for equipment Repayment of long-term debt Cash dividends paid Cash receipts from operating activities $90,000 $318,000 $70,000 $23,000 $16,000 $436,000 What is the cash flows from Financing Activities? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 Selected financial information follows for Souter Inc. for the year ended December 31st, 2021: Cash, January 1 Cash payments for operating activities Cash paid for equipment Repayment of long-term debt Cash dividends paid Cash receipts from operating activities $90,000 $318,000 $70,000 $23,000 $16,000 $436,000 What is the net change in cash? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 What is the net change in cash? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 Selected financial information follows for Souter Inc. for the year ended December 31st, 2021: Cash, January 1 Cash payments for operating activities Cash paid for equipment Repayment of long-term debt Cash dividends paid Cash receipts from operating activities $90,000 $318,000 $70,000 $23,000 $16,000 $436,000 What is the beginning cash balance? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 Selected financial information follows for Souter Inc. for the year ended December 31st, 2021: Cash, January 1 Cash payments for operating activities Cash paid for equipment Repayment of long-term debt Cash dividends paid Cash receipts from operating activities $90,000 $318,000 $70,000 $23,000 $16,000 $436,000 What is the ending cash balance? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000 Selected financial information follows for Souter Inc. for the year ended December 31st, 2021: Cash, January 1 Cash payments for operating activities Cash paid for equipment Repayment of long-term debt Cash dividends paid Cash receipts from operating activities $90,000 $318,000 $70,000 $23,000 $16,000 $436,000 What is the ending cash balance? Note: please provide answers without dollar signs or commas. Example: 68000 Negative numbers should be entered with a negative sign at the beginning. Example: -68000

Answer & Explanation Solved by verified expert

See Answer