Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
As the accountant at O'Donnell Industries, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the direct
As the accountant at O'Donnell Industries, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records Payment of long-term debe 5200,000 Puhased of equipment by inuing long-term note payable 85.000 Cash receled tromance et common states 300.000 Cashmoved from all of land 7400 Cashoved from sale of investments 100 Cash payments to purchase property, plant and equipment 76.000 Londent) to other company 75.000 Catherived from sale of property, plant, and equipment 31.00 Payment of cash dividende AROO Incotex paid 20 Cashredded 19.00 Punts of sales 94100 Aminexpense 72.00 Code 47.00 Cash 2010 Collection on crants receivable 210.00 Casheed of 11 C D Cube DK. 2014 Prepare the cash flow statement for the year ended December 31, 2016 in the direct method, dincode whedule of nonch investing and in activities if necessary As the accountant at O'Donnell Industries, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records Payment of long-term debe 5200,000 Puhased of equipment by inuing long-term note payable 85.000 Cash receled tromance et common states 300.000 Cashmoved from all of land 7400 Cashoved from sale of investments 100 Cash payments to purchase property, plant and equipment 76.000 Londent) to other company 75.000 Catherived from sale of property, plant, and equipment 31.00 Payment of cash dividende AROO Incotex paid 20 Cashredded 19.00 Punts of sales 94100 Aminexpense 72.00 Code 47.00 Cash 2010 Collection on crants receivable 210.00 Casheed of 11 C D Cube DK. 2014 Prepare the cash flow statement for the year ended December 31, 2016 in the direct method, dincode whedule of nonch investing and in activities if necessary
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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