Solution-Determine which items should be included in a

Determine which items should be included in a statement of

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Reference no: EM13482981

Presented below are selected financial statement items for Rowe Corporation for December 31, 2012.

Inventory	$55,000	Cash paid to purchase equipment	$30,000
Cash paid to suppliers	154,000	Equipment	40,000
Buildings	400,000	Revenues	200,000
Common stock	20,000	Cash received from customers	172,000
Cash dividends paid	6,000	Cash received from issuing
		bonds payable	40,000

Instructions

(a) Determine which items should be included in a statement of cash flows, and then prepare the statement for Rowe 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: EM13482981

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Determine which items should be included in a statement of

Reference no: EM13482981

Reference no: EM13482981

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