Question

The accounting records of The Fenceman, Inc. reveal the following:
Net Income ............ $ 22,000
Payment of income tax ......... 13,000
Collection of dividend revenue .... 7,000
Payment to suppliers ......... 54,000
Collections from customers ....... 102,000
Payment of salaries and wages ..... $34,000
Depreciation ........... 12,000
Payment of interest ........ 16,000
Payment of dividends ........ 7,000
Requirements
1. Compute cash flows from operating activities by the direct method.
2. Evaluate the operating cash flow of The Fenceman, Inc. Give the reason for your evaluation.


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  • CreatedJuly 08, 2015
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