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 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 8. Payment for purchase of investments,
                                                                                                            $12,100
2. Payments of interest, $5,000 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 9. Collections from customers, $54,500
3. Equipment acquired by capital lease, $7,200 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 10. Payments of income taxes, $2,900
4. Proceeds from issuance of preferred stock, $11,000 Â Â 11. Payment of dividends, $5,200
5. Other operating payments, $1,300 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 12. Other operating receipts, $1,600
6. Interest and dividends collected, $4,700 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 13. Payments to suppliers, $29,500
7. Payments to employees, $20,300 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 14. Beginning cash balance, $29,700
Required
Prepare the statement of cash flows using the direct method for operating cash flows.
Answers
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Posted 26 Apr 2017 09:04 AM
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file 1493199098-Answer.docx preview (202 words )
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