Question
9 C presents the following information for the year just ended. Cash Beginning $45,200 Increase in Accounts Rec. 5,000 Dividends paid 65,000 Interest paid 19,000
9 C presents the following information for the year just ended.
Cash Beginning $45,200 Increase in Accounts Rec. 5,000
Dividends paid 65,000 Interest paid 19,000
Income taxes paid 71,000 Cost of Goods Sold 600,000
Increase in Inventories 50,000 Increase in Payables 15,000
Cash paid to acquire equipment 21,000 Proceeds from loan 10,000
Loans made to borrowers 5,000 Collections on loans 4,000
Interest and dividends received 17,000 Sales 800,000
Present the Operating Activities section of a proper statement of cash flows. Put brackets around disbursements. The Investing and Financing sections are extra credit. Indirect method.
T Company
Statement of Cash Flows
Operating Activities
Cash Received from Customers
Cash Received From Dividends and Interest
Cash Paid to Suppliers
Cash Paid for Expenses
Cash Paid for Interest
Cash Paid for Taxes
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