The 2011 accounting records of Maulder Transport reveal these transactions and events. Instructions Prepare the cash flows
Question:
The 2011 accounting records of Maulder Transport reveal these transactions and events.
Instructions
Prepare the cash flows from operating activities section using the direct method.
Transcribed Image Text:
Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment of accounts payable $10,000 48,000 18,000 12,000 38,000 Collection of accounts receivable Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles Payment of dividends Payment of operating expenses $182,000 53,000 16,000 12,000 22,000 3,000 14,000 28,000 for merchandise Payment for land 115,000 74,000
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Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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