Statement of Cash flows in the United Kingdom
Using the following information, compute cash flow from operating activities under (1) the
U.S. approach and (2) the U.K. approach.
(a) Cash paid to purchase inventory |
$ 7,800 |
(b) Cash received from sale of a building |
5,600 |
(c) Cash paid for interest |
450 |
(d) Cash paid to repay a loan |
1,000 |
(e) Cash collected from customers |
10,000 |
(f) Cash received from issuance of new shares of common stock |
1,200 |
(g) Cash paid for dividends |
780 |
(h) Cash paid for income taxes |
1,320 |
(i) Cash paid to purchase machinery |
1,950 |