The following information is available from Sand Corporations accounting records for the year ended December 31, 2014:

Question:

The following information is available from Sand Corporation’s accounting records for the year ended December 31, 2014:
Cash received from customers ..... $870,000
Rent received ............. 10,000
Cash paid to suppliers and employees .... 510,000
Taxes paid ............. 110,000
Cash dividends paid ........... 30,000

Required:
Compute cash flow provided by operations for 2014.

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Related Book For  book-img-for-question

Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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