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Power Corporation owns 7 5 percent of Surge Company's stock; no intercompany purchases or sales were made in 2 0 4 . For the year,
Power Corporation owns percent of Surge Company's stock; no intercompany purchases or sales were made in For the year, Power and Surge reported sales of $ and $ and cost of goods sold of $ and $ respectively. Power's inventory increased by $ but Surge's decreased by $ Power's accounts receivable increased by $ and its accounts payable decreased by $ during Surge's accounts receivable decreased by $ and its accounts payable increased by $
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Assuming there were no other cash flows from operations, using the direct method of computing cash flows from operating activities, compute the following:
a Cash received from customers
b Cash payments to suppliers
c Cash flows from operating activities
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