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 |