Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. solve: during the month of february, eadosas compa

Solve: During the month of February, Eadosas Company had the following transactions: (1) Revenues of...

90.2K

Verified Solution

Question

Finance

image
Solve: During the month of February, Eadosas Company had the following transactions: (1) Revenues of $225,000 were cared and received in cash. (2) Bank loans of $18,000 were paid off. (3) New bank loans of S15,000 were incurred. (4) Equipment of $40,000 was purchased with cash. (5) Equipment was sold for its book value of $36,000. Cash was received. (6) Expenses of $171,400 were paid. (7) Stockholders purchased additional shares for $50,000 cash, 1. A statement of cash flows for February would report net cash flows from operating activities of A) S 4,000 B) $35,600 C) $53,600 D) $96,600. 2. A statement of cash flows for Februsy would report net cash flows from financing activities of A) $4,000 B) $47.000 C) 583,000 D) 596,600 3. A statement of cash flows for February would report net cash flows from investing activities of A) (5 4,000) B) $47,000 C) 553.600 D) 576,000 4. A statement of cash flows for February would report an increase in cash of A) 4,000 B) 547200 C) $53,600 D) 596,000 F3 000 DOO F4

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students