A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2014, is
Question:
A summary of cash flows for Ethos Consulting Group for the year ended May 31, 2014, is shown below.
Cash receipts:
Cash received from customers ...........$637,500
Cash received from issuing capital stock ....... 62,500
Cash payments:
Cash paid for operating expenses ......... 475,000
Cash paid for land ................ 90,000
Cash paid for dividends ............. 17,500
The cash balance as of June 1, 2013, was $58,000.
Prepare a statement of cash flows for Ethos Consulting Group for the year ended May 31, 2014.
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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