Prepare the company statement of cash flows

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Question: Preparing a statement of cash flows using the direct method Green Bean, Inc. began 2016 with cash of $57,000. During the year, Green Bean earned revenue of $596,000 and collected $618,000 from customers. Expenses for the year totaled $433,000, of which Green Bean paid $214,000 in cash to suppliers and $209,000 in cash to employees. Green Bean also paid $146,000 to purchase equipment and a cash dividend of $56,000 to its stockholders during 2016. Prepare the company's statement of cash flows for the year ended December 31, 2016. Format operating activities by the direct method.

Reference no: EM131820461

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