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5. 12 points Comp An analy current year Marketable Securiti Debit entries Credit entries Computation of operating cash flows The financial statements of Packard Corporation
5. 12 points Comp An analy current year Marketable Securiti Debit entries Credit entries Computation of operating cash flows The financial statements of Packard Corporation provide the following information for the current year: End of Beginning Year of Year $106,00 Accounts receivable 0 $98,000 $ 105,00 $120,00 Inventory 0 10 Prepaid expenses $31,000 $29,000 Accounts payable (for merchandise) $74,000 $70,000 Accrued liabilities $30,000 $28,000 Net sales $848,000 Cost of goods sold $318,000 Expenses (including depreciation of $43,000) $258,000 Plant and equips Debit entries Credit entr Debit ent (resul Credis (rs Th sy Using this information, compute for the current year: $ $ 74,000 (a) Cash received from customers (6) Cash payments for purchases of merchandise (c) Cash payments for operating expenses (d) Net cash flow from operating activities $ $
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