Business, 20.09.2020 09:01 lejeanjamespete1

A summary of cash flows for Parker Consulting Group for the year ended January 31, 20Y4, follows: Cash receipts:

Cash received from customers $647,500
Cash received from issuing common stock 63,500
Cash payments:

Cash paid for operating expenses 485,500
Cash paid for land 90,000
Cash paid for dividends 14,500

The cash balance as of February 1, 20Y3, was $57,000.

Labels
Cash flows from financing activities
Cash flows from operating activities
Cash flows from investing activities
Cash flows used for financing activities
Cash flows used for operating activities
Cash flows used for investing activities
For the Year Ended January 31, 20Y4
January 31, 20Y4
Amount Descriptions
Cash balance, February 1, 20Y3
Cash balance, January 31, 20Y4
Cash received from customers
Cash received from issuing common stock
Cash paid for operating expenses
Cash paid for land
Cash paid for dividends
Net cash flows from financing activities
Net cash flows from investing activities
Net cash flows from operating activities
Net cash flows used for financing activities
Net cash flows used for investing activities
Net cash flows used for operating activities
Net decrease in cash
Net increase in cash

Required:
Prepare a statement of cash flows for Parker Consulting Group for the year ended January 31, 20Y4.

Answers: 2

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A summary of cash flows for Parker Consulting Group for the year ended January 31, 20Y4, follows: C...