Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
Learning Objectiu Appendix 16A Net Cash Prov
Learning Objectiu Appendix 16A Net Cash Prov. by Preparing operating activities cash flow-direct method The accounting records of Four Seasons Parts reveal the following: Payment of salaries and wages $ 34,000 Collections from customers Compute cash flows from operating activities using the direct method for the year ended December 31, 2018. Depreciation expense payment of interest Payment of dividends 10,000 17,000 5,000 116,000 Net income Payment of income tax Collection of dividend revenue Payment to suppliers $ 21,000 16,000 5,000 51,000
Expert Solution
Four Season Parts
Statement of cash flow for the year ending on December 31,2018
CASH FLOW FROM OPERATING ACTIVITIES:
Collection from the customers $ 116,000
collectoin from dividend 5,000
Less:
payment of salaries and wages (34,000)
payment of intrest (17,000)
payment of income tax (16,000)
payment to suppliers (51,000)
NET CASH FLOW FROM OPERATING ACTIVITIES 3,000
(DIRECT METHORD)
ASSUMING THAT ALL THE ABOVE COLLECTION AND PAYMENT IS IN CASH.
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
