Question

ACCORDING TO US GAAP Company B Statement of Cash Flows as of June 30, 2014 OPERATING ACTIVITIES SOURCES: TOTAL SOURCES: $0 (USES:) TOTAL (USES:) $0 TOTAL OPERATING ACTIVITIES $0 INVESTING ACTIVITIES SOURCES: TOTAL SOURCES: $0 (USES:) TOTAL (USES:) $0 TOTAL INVESTING ACTIVITIES $0 FINANCING ACTIVITIES SOURCES: TOTAL SOURCES: $0 (USES:) TOTAL (USES:) $0 TOTAL FINANCING ACTIVITIES $0 INTEREST PAID ON LOAN $16,000 CASH COLLECTIONS FROM CUSTOMERS $200,000 SALE OF USED PLANT EQUIPMENT FOR CASH $27,000 CASH DIVIDEND RECEIVED $21,000

          ACCORDING TO US GAAP
Company B
Statement of Cash Flows as of June 30, 2014
OPERATING ACTIVITIES
SOURCES:
TOTAL SOURCES:
$0
(USES:)
TOTAL (USES:)
$0
TOTAL OPERATING ACTIVITIES
$0
INVESTING ACTIVITIES
SOURCES:
TOTAL SOURCES:
$0
(USES:)
TOTAL (USES:)
$0
TOTAL INVESTING ACTIVITIES
$0
FINANCING ACTIVITIES
SOURCES:
TOTAL SOURCES:
$0
(USES:)
TOTAL (USES:)
$0
TOTAL FINANCING ACTIVITIES
$0
INTEREST PAID ON LOAN
$16,000
CASH COLLECTIONS FROM
CUSTOMERS
$200,000
SALE OF USED PLANT
EQUIPMENT FOR CASH
$27,000
CASH DIVIDEND RECEIVED
$21,000

ACCORDING TO US GAAP
Company B
Statement of Cash Flows as of June 30, 2014
OPERATING ACTIVITIES
SOURCES:
TOTAL SOURCES:
0
(USES:)
TOTAL (USES:)0
TOTAL OPERATING ACTIVITIES
0
INVESTING ACTIVITIES
SOURCES:
TOTAL SOURCES:0
(USES:)
TOTAL (USES:)
0
TOTAL INVESTING ACTIVITIES0
FINANCING ACTIVITIES
SOURCES:
TOTAL SOURCES:
0
(USES:)
TOTAL (USES:)0
TOTAL FINANCING ACTIVITIES
0
INTEREST PAID ON LOAN16,000
CASH COLLECTIONS FROM
CUSTOMERS
200,000
SALE OF USED PLANT
EQUIPMENT FOR CASH27,000
CASH DIVIDEND RECEIVED
21,000

Added by Erik B.

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