Question 18

The choices to fill in the blanks:

Requlred Informetion [The following information applies to the questions displayed below.] A comparative balance sheet and income statement is shown for Cruz, Incorporated. se the above balance sheet and income statement to prepare the operating activities section by clirect method. Assume all the sales 'ere made on credit basis. (Amounts to be deducted should be Indlcated wlth a minus slgn.) Cash flows from operating activities Cash received from dividends Payments for inventory Payments for other expenses Payments for taxes Receipts from sales to customers