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With the given data, fill in the blank with using a direct method of preparing statement of cash flows Additional Data: a. Bought new hockey
With the given data, fill in the blank with using a direct method of preparing statement of cash flows Additional Data: a. Bought new hockey equipment for cash, $500. b. Borrowed $1,200 cash from the bank during the year. c. Accounts Payable includes only purchases of services made on credit for operating purposes. Because there are no liability accounts relating to income tax, assume that this expense was fully paid in cash. Statement of Cash Flows For the Year Ended, December 31 Cash flow from operating activities: Cash collected from customers Cash paid to employees Cash paid for other operating expenses Cash paid for income taxes Net Cash Flow provided by (used in) operating activities Cash flow from investing activities: Purchase of New Hockey Equipment Net Cash Flow provided by (used in) investing activities Cash flow from financing activities: Borrowed cash from the bank Net Cash Flow provided by (used in) financing activities Net Increase in Cash Cash, beginning of the year Cash, end of the year
With the given data, fill in the blank with using a direct method of preparing statement of cash flows
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