Question
The following information is available for Taliaferro Corp. for 2014. Cash used to purchase treasury stock $ 48,100 Cash dividends paid 21,800 Cash paid for
The following information is available for Taliaferro Corp. for 2014.
Cash used to purchase treasury stock | $ 48,100 |
Cash dividends paid | 21,800 |
Cash paid for interest | 22,400 |
Net income | 464,300 |
Sales revenue | 802,000 |
Cash paid for taxes | 99,000 |
Cash received from customers | 566,100 |
Cash received from sale of building (at book value) | 197,600 |
Cash paid for operating expenses | 77,000 |
Beginning cash balance | 11,000 |
Cash paid for goods and services | 279,100 |
Cash received from issuing common stock | 355,000 |
Cash paid to redeem bonds at maturity | 200,000 |
Cash paid to purchase equipment | 113,200 |
Instructions:
Prepare a statement of cash flows using the direct method.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started