Tracks Holdings Ltd's comparative balance sheet at December 31, 2021 is presented below. Tracks' profit for the year was $ 88,510. Land was acquired for future expansion. Equipment and a long-term strategic investment were purchased during the year, but none were sold. Dividends were paid to the common shareholders. Instructions
a) Determine cash flow provided (used) by operating activities using the indirect method. Show all calculations.
b) Determine cash flow provided (used) by investing activities. Show all calculations.
c) Determine cash flow provided (used) by financing activities. Show all calculations.

Question

Tracks Holdings Ltd's comparative balance sheet at December 31, 2021 is presented below. Tracks' profit for the year was $ 88,510. Land was acquired for future expansion. Equipment and a long-term strategic investment were purchased during the year, but none were sold. Dividends were paid to the common shareholders.  Instructions 
a) Determine cash flow provided (used) by operating activities using the indirect method. Show all calculations.
b) Determine cash flow provided (used) by investing activities. Show all calculations.
c) Determine cash flow provided (used) by financing activities. Show all calculations.

Quizplus · Accepted Answer

The Answer of Tracks Holdings Ltd's comparative balance sheet at December 31, 2021 is presented below. Tracks' profit for the year was $ 88,510. Land was acquired for future expansion. Equipment and a long-term strategic investment were purchased during the year, but none were sold. Dividends were paid to the common shareholders.  Instructions 
a) Determine cash flow provided (used) by operating activities using the indirect method. Show all calculations.
b) Determine cash flow provided (used) by investing activities. Show all calculations.
c) Determine cash flow provided (used) by financing activities. Show all calculations.

Tracks Holdings Ltd's Comparative Balance Sheet at December 31, 2021