Comment on the adequacy of net cash provided by operating

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Reference no: EM13587852

Presented below are selected financial statement items for Preacher Corporation for December 31, 2014.
Inventory    $55,000         Cash paid to purchase equipment        $20,000
Cash paid to suppliers 154,000            Equipment                 40,000
Buildings    400,000           Service revenue           200,000
Common Stock   20,000          Cash received from customers                    162,000
Cash dividends paid                 2,000             Cash received from issuing bonds payable 40,000
Cash at beginning of period 11,000

Instructions

(a) Determine which items should be included in a statement of cash flows, and then prepare the statement for Preacher Corporation.
(b) Comment on the adequacy of net cash provided by operating activities to fund the company's investing activities and dividend payments.

Reference no: EM13587852

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