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    Argosy University/ Phoniex University/
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Category > Management Posted 07 Jan 2018 My Price 7.00

Yellow Company

Statement of Cash Flows (Appendix) The following is a list of the items to be included in the preparation of the 2010 statement of cash flows for the Yellow Company:

1. Proceeds from sale of land, $2,100                                      8. Payment for purchase of investments,

                                                                                                                $12,100

2. Payments of interest, $5,000                                                  9. Collections from customers, $54,500

3. Equipment acquired by capital lease, $7,200                   10. Payments of income taxes, $2,900

4. Proceeds from issuance of preferred stock, $11,000    11. Payment of dividends, $5,200

5. Other operating payments, $1,300                                      12. Other operating receipts, $1,600

6. Interest and dividends collected, $4,700                           13. Payments to suppliers, $29,500

7. Payments to employees, $20,300                                         14. Beginning cash balance, $29,700

Required

Prepare the statement of cash flows using the direct method for operating cash flows.

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Jan 2018 10:01 PM My Price 7.00

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