Answered

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Consider the following list of transactions: Repay borrowing from the bank, $2,000. Pay employees' salaries of $1,500. Purchase equipment for cash, $10,000. Provide services to customers for cash, $4,500. Issue shares of common stock for cash, $5,000. Pay utilities, $1,000. Provide services to customers on account, $2,500. Sell old delivery truck for cash, $4,000. What amount would the company report for operating cash flows in the statement of cash flows

Sagot :

abiolataiwo2015

Answer:

$2,000

Explanation:

Calculation to determine What amount would the company report for operating cash flows in the statement of cash flows

Using this formula

Operating cash flows=Services to customers for cash-Employees' salaries -Utilities

Let plug in the formula

Operating cash flows= $4,500 − $1,500 − $1,000 Operating cash flows=$2,000

Therefore The Amount that the company would report for operating cash flows in the statement of cash flows is $2,000

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