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Please help me solve for cash paid for employees and suppliers Thank you Sandhill's custom Clothing Ltd . ( SCC ) sells branded clothing to
Please help me solve for cash paid for employees and suppliers Thank you
Sandhill's custom Clothing LtdSCC sells branded clothing to resorts and corporations. The company's comparative financial SANDHILL'S CUSTOM CLOTHING LTD
INCOME STATEMENT
For the Years Ended December Net income
Following is additional information concerning SCCs transactions during the year ended December :
Equipment costing $ was purchased by paying $ cash and issuing common shares.
Equipment costing $ that was purchased at the beginning of was sold at the end of for $ Straight
line depreciation had been used with an expected asset life of years and a residual value of $
The "other expenses" relate to prepaid items.
In order to supplement its cash, SCC increased its bank loan by $
Cash dividends of $ were paid at the end of the fiscal year.
SCC has a policy to classify dividends paid as financing activities and interest paid as operating activities on the statement of
cash flows.
Cost of sales includes $ of direct labour costs. Sandhill's Custom Clothing Ltd
Statement of Cash Flows
For the Year Ended December
Cash Flows from Operating Activities
Cash Paid for Interest
Cash Paid for Taxes
Cash Paid to Employees
Cash Paid to Suppliers
Cash Received from Customers
Net Cash Provided by Operating Activities
Cash Flows from Investing Activities
Cash Paid for Purchase of Equipment
Proceeds from Sale of Equipment
Net Cash Provided by Investing Activities
statements are presented below.
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