Question
The following cash transactions occurred during the period. Cash Dividend received $21,000 Sale of used plant equipment for cash $27,000 Cash collections from customers $200,000
Cash Dividend received $21,000
Sale of used plant equipment for cash $27,000
Cash collections from customers $200,000
Interest paid on loan $16,000
Fill in the statement of cash flows on the left following US GAAP. Use the direct method for calculating cash flow from Operating Activities.
ACCORDING TO US GAAP
OPERATING ACTIVITIES
SOURCES: ?
(USES:) ?
INVESTING ACTIVITIES
SOURCES: ?
(USES:) ?
FINANCING ACTIVITIES
SOURCES: ?
(USES:) ?
Step by Step Solution
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OPERATING ACTIVITIES SOURCES Cash collections from customers 200000 USES No specific uses provided i...
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
