Solution-How make statement of cash flows using the direct

How make statement of cash flows using the direct method

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Reference no: EM132634696

The cash flows below were extracted from the accounts of Ryan Smith, a shop owner.

Repayment of Loan. 39 000

Sale of property 39 000

Interest received 1 560

Payments to employees. 78 000

Receipts from customers 273 000

Expenses paid. 23 400

Computer equipment purchase. 23 400

Interest paid. 780

Payments to suppliers. 156 000

Income taxes paid. 3 120

Beginning cash balance. 7 800

Required

Question 1: Prepare a statement of cash flows using the direct method.

Reference no: EM132634696

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How make statement of cash flows using the direct method

Reference no: EM132634696

Reference no: EM132634696

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