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Use the following information to prepare a complete statement of cash flows (under the direct method) for the current year ended December 31. Cash, December
Use the following information to prepare a complete statement of cash flows (under the direct method) for the current year ended December 31.
Cash, December 31 prior year-end | $ 16,000 |
---|---|
Cash, December 31 current year-end | 78,500 |
Cash paid to acquire machinery | 134,500 |
Cash paid for inventory | 230,000 |
Cash paid for salaries | 290,000 |
Cash paid for interest | 4,500 |
Cash received as interest | 10,500 |
Cash received from sale of land | 110,000 |
Cash paid for dividends | 24,500 |
Cash received from issuing stock | 83,000 |
Cash received from customers | 542,500 |
Jse the following information to prepare a complete statement of cash flows (under the direct method) for the current year ended December 31
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