The 2015 accounting records of Outdoor Adventures Ltd reveal the following transactions and events. Required Prepare the
Question:
The 2015 accounting records of Outdoor Adventures Ltd reveal the following transactions and events.
Required
Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.
Transcribed Image Text:
Payment of interest Cash sales Receipt of dividend revenue Payment of income tax Profit Payment of accounts payable for inventory Payment for land $ 15000 60 000 14000 16 000 38 000 100 000 74 000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of aircraft Purchase of equipment for cash Loss on sale of aircraft Payment of dividends Payment of operating expenses $190000 68 000 16 000 812 000 22 000 3000 14 000 20 000
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Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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