The 2012 accounting records of Pape Transport reveal these transactions and events. InstructionsPrepare the cash flows from
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The 2012 accounting records of Pape Transport reveal these transactions and events.
InstructionsPrepare the cash flows from operating activities section using the direct method.
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Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land Collection of accounts receivable $ 10,000 Payment of salaries and wages Depreciation expense 18,000 Proceeds from sale of vehicles 12,000 Purchase of equipment for cash 38,000 Loss on sale of vehicles 97,000 Payment of dividends Payment of operating expenses $ 53,000 16,000 812,000 22,000 3,000 14,000 28,000 195,000
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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