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Account Options are: Collections from customers Cost of Goods Sold Depreciation Expense Payment of dividends Payment of income tax Payment of note payable Payment to
Account Options are:
Collections from customers
Cost of Goods Sold
Depreciation Expense
Payment of dividends
Payment of income tax
Payment of note payable
Payment to employees
Payment to suppliers
Proceeds from issuance of common shares
Proceeds from sale of land
Purchase of equipment
Repurchase of common shares
Sales Revenue
Massasoit Fisheries Ltd. provides the following data for the year ended June 30, 2020: (Click the icon to view the data.) Prepare the operating activities section of Massasoit Fisheries Ltd.'s statement of cash flows for the year ended June 30, 2020. Massasoit Fisheries uses the direct method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for decreases in cash.) Massasoit Fisheries Ltd. Statement of Cash Flows (partial) For the Year Ended June 30, 2020 Cash flows from operating activities: - X Data table 4,000 Cost of goods sold Payments to suppliers Purchase of equipment Payments to employees Payment of note payable Proceeds from sale of land Depreciation expense Net cash provided by (used for) operating activities $ 103.000 Payment of dividends.............. $ 85,000 Proceeds from issuance 46,000 of common shares 66,000 Sales revenue ........ 29,000 Collections from customers 65,000 Payment of income tax. 9,000 Repurchase of common shares 21.000 205,000 174,000 13,000 3,000 Print DoneStep by Step Solution
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