Determine which items should be included in a statement of

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Reference no: EM13482965

Presented below is selected financial information for Yvonne Corporation for December 31, 2012.

Inventory

$25,000

Cash paid to purchase equipment

$12,000

Cash paid to suppliers

104,000

Equipment

40,000

Building

200,000

Revenues

100,000

Common stock

50,000

Cash received from customers

132,000

Cash dividends paid

7,000

Cash received from issuing




common stock

22,000

Instructions

(a) Determine which items should be included in a statement of cash flows and then prepare the statement for Yvonne 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: EM13482965

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