The cash flows shown below were extracted from the accounts of Jason Taylor, a music shop owner. Repayment of loan $390 000 Sale of property XXXXXXXXXX Interest received 1 560 Payment to employees 78...


The cash flows shown below were extracted from the accounts of Jason Taylor, a music shop owner.
Repayment of loan $390 000
Sale of property 390 000
Interest received 1 560
Payment to employees 78 000
Receipts from customers 273 000
Expenses paid 23 400
Computer equipment purchase 23 400
GST paid 780
Payments to suppliers 156 000
Income taxes paid 3 120
Beginning cash balance 7 800
A. Prepare a statement of cash flows using the direct method.
B. Outline some cash flow warning signals



Jun 08, 2022
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