Prepare a statement of cash flows for Sutherland Limited from the following cash account information. Cash, beginning
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Prepare a statement of cash flows for Sutherland Limited from the following cash account information.
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Cash, beginning of year Cash, end of year Borrowed from the bank Cash expenses Cash sales Collections on accounts receivable Ordinary shares issued Depreciation for the year $ 68 920 93 620 70 000 8 920 31 610 797 640 110 000 20 000 Proceeds from sale of old equipment Repayments on borrowings Equipment purchased ($5000 still owing) Dividends paid Employee wages paid Income tax paid Land purchased for cash Payments to suppliers $ 7 000 80 500 49 000 20 000 238 530 14 920 81 000 513 600
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To prepare a statement of cash flows for Sutherland Limited we can use the indirect method Well start with the change in cash during the year and then ...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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