Question
The following information is for Redwood Inc. for the year ended December 31, 2018. Redwood had a balance for cash and cash equivalents of $4,200
The following information is for Redwood Inc. for the year ended December 31, 2018. Redwood had a balance for cash and cash equivalents of $4,200 on January 1, 2018.
Cash Received from:Customers$2,100Interest on investments300Sale of land200Sale of common stock800Issuance of debt securities2,200Cash Paid for:Interest on debt400Income tax70Debt principal reduction1,700Purchase of equipment3,100Purchase of inventory1,000Dividends on common stock300Operating expenses600
WHAT WOULD THE statement of cash flows for the year using the direct method for operating activities LOOK LIKE?(Amounts to be deducted should be indicated with a minus sign.)
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Financial Statement Analysis And Security Valuation
Authors: Stephen H Penman
4th Edition
0073379662, 9780073379661
