41. Cash Flow Statement Preparation 

Given the following cash flow information for ABC Corporation: Cash Receipts from Customers $180,000, Cash Payments for Operating Expenses $70,000, Cash Payments for Income Taxes $25,000, Cash Payments for Investments $35,000, and Cash Payments for Financing Activities $20,000. Prepare a cash flow statement for ABC Corporation using the direct method.

To prepare the cash flow statement for ABC Corporation using the direct method, we start with cash receipts from customers and deduct cash payments for operating expenses, income taxes, investments, and financing activities. The resulting net cash flow from operating activities represents the company's cash generated from its core business operations.