Using this information prepare a statement of cash flows

Assignment Help Accounting Basics

Reference no: EM13584630

The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2015:

Cash and cash equivalents, Jan. 1	$	35,800
Cash and cash equivalents, Dec. 31		162,000
Cash paid to acquire plant assets		24,000
Proceeds from short-term borrowing		10,000
Loans made to borrowers		5,300
Collections on loans (excluding interest)		4,000
Interest and dividends received		31,500
Cash received from customers		845,000
Proceeds from sales of plant assets		9,000
Dividends paid		49,000
Cash paid to suppliers and employees		608,000
Interest paid		19,000
Income taxes paid		68,000

Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.)

Reference no: EM13584630

Questions Cloud

A rigid sealed 1936 ford coupe contains an equilibrium : a rigid sealed 1936 ford coupe contains an equilibrium water liquid-vapor mixture with a quality of 8.8333 at 3.00

Exercise to reduce stress a survey by mens health magazine : exercise to reduce stress a survey by mens health magazine stated that 14 of men said they used exercise to reduce

The outcome is patients self-reported effect of treatment : a study is designed to investigate whether there is a difference in response to various treatments in patients with

Assume that dr jones patients pay an average 80 percent of : the following information summarizes charge and cost data for dr. jones during the last year number of cases100

Using this information prepare a statement of cash flows : the accounting staff of wyoming outfitters inc. has assembled the following information for the year ended december 31

Explain how and why carbon can experience sp sp2 and : explain how and why carbon can experience sp sp2 and sp3nbspvia hybridization and what role this plays in the geometry

A random sample of 225 sat scores has a mean of 1500 assume : a random sample of 225 sat scores has a mean of 1500. assume that sat scores have a population standard deviation of

Vinents friend tells him that capital gains tax is : vinents friend tells him that capital gains tax is discriminatory in that it is imposed upon individuals who can afford

A very long and hollow conducting cylinder with inner : a very long and hollow conducting cylinder with inner radius 5.0cm and outer radius 12.0 cm has a uniform charge

User Account

All Pages