Medford Golf Club, Inc., has assembled the following data for the year ended September 30, 2012: Prepare
Question:
Prepare the operating activities section of Medford Golf Club, Inc.s statement of cash flows for the year ended September 30, 2012. Medford uses the direct method for operating cashflows.
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Cost of goods sold. $106,000 Payment of dividends Payments to suppliers. Purchase of equipment.. Payments to employees. Payment of note payable. Proceeds from sale of land.46,000Payment of income tax. Depreciation expense S 9,000 Proceeds from issuance 112,000 22,000 of common stock.. 15,000 235,000 17,000 Collections from customers202,000 9,000 5,400 10,000 Purchase of treasury stock
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Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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