Akin Company for December 31, 2015. Prepare the statement of cash flows using indirect method....
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Akin Company for December 31, 2015. Prepare the statement of cash flows using indirect method. Answer the following questions. Cash payment to suppliers of goods and services (37,500.00) Cash receipt from rendering of services 75,000.00 Payment to owners 17,500.00) Proceeds from bank loans 37,500.00 Proceeds from cash investments of owners 172,500.00 Payment of income taxes (18,000.00) Payment for interest (18,750.00) Proceeds from dividends of investments 22,500.00 Payments for acquisition of equipment 26,000.00 Cash at the beginning of the year 260,000.00 a. How much is cash flow from operating activities? b. How much is cash flow from investing activities? C. How much is cash flow from financing activities? d. How much is the net increase or decrease is cash for the year? e. How much is cash as of December 31, 2015
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