The information needed to prepare the Cash Flow from Operating Activities section of Pro Corporation's consolidated statement
Question:
The information needed to prepare the Cash Flow from Operating Activities section of Pro Corporation's consolidated statement of cash flows is included in the following list (in thousands):
Cash received from customers ....................................... $645
Cash paid to suppliers ................................................... 365
Cash paid to employees .................................................. 54
Cash paid for other operating items .................................... 47
Cash paid for interest expense .......................................... 24
Cash proceeds from sale of land ....................................... 120
Noncontrolling interest dividends ...................................... 20
Dividends received from equity investees ............................ 14
REQUIRED
Prepare the Cash Flows from Operating Activities section of Pro's consolidated statement of cash flows under the direct method.
Step by Step Answer:
Advanced Accounting
ISBN: 978-0133451863
12th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith