E 4-7 Prepare cash flows from operating activities section Information regarding the cash flow activities of Pierre
Question:
E 4-7 Prepare cash flows from operating activities section Information regarding the cash flow activities of Pierre Corporation is given below (in thousands):
Cash paid to suppliers $225 Cash paid to employees 90 Cash paid for operating expenses 45 Cash paid for noncontrolling interest dividends 10 Cash paid for other operating items 25 Cash paid for controlling interest dividends 90 Cash received from customers 550 Proceeds from sale of land 10 Dividends received from equity investees 15 REQuIRED:Prepare the Cash Flows from Operating Activities section of Pierre’s consolidated statement of cash flows under the direct method.
Step by Step Answer:
Advanced Accounting
ISBN: 9781292214597
13th Global Edition
Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith