Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A list of cash receipts and cash payments for Queen Creek Telecommunications is presented below. Compute cash flows from operating activities under the direct reporting
A list of cash receipts and cash payments for Queen Creek Telecommunications is presented below.
Compute cash flows from operating activities under the direct reporting format.
BE6-18 (similar to) Question Help A list of cash receipts and cash payments for Queen Creek Telecommunications is presented below. (Click the icon to view the list of cash receipts and cash payments.) Compute cash flows from operating activities under the direct reporting format. (Use a minus sign or parentheses for any cash outflows and/or net cash used by operating activities. If a box is not used in the statement, leave the box empty: do not select a label or enter a zero.) Queen Creek Telecommunications Partial Statement of Cash Flows (Direct Method) For the Year Ended December 31 0 Data Table Operating Activities: Amount 1,867,500 870,000 435,000 348,000 244.400 Cash Receipts and Payments Cash collected from customers Cash paid to suppliers Cash receipts from borrowing Cash paid to purchase equipment Cash paid for taxes Cash receipts from issuing equity Cash payments for property, plant and equipment Cash payments for loans made Cash payments for principal on debt Cash payments for dividends Cash paid for interest Cash receipts from interest 237,000 145,900 Cash Collected from Customers Cash Paid for Interest Cash Paid for Taxes Cash Paid to Purchase Equipment Cash Paid to Suppliers Cash Payments for Dividends Cash Payments for Loans Made Cash Payments for Principal on Debt Cash Payments for Property. Plant, and Equipment Cash Receipts from Borrowing Cash Receipts from interest Cash Receipts from Issuing Equity 50,500 5,800 3.900 440 Print DoneStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started