The following information is available from Sand Corporations accounting records for the year ended December 31, 20X1:

Question:

The following information is available from Sand Corporation’s accounting records for the year ended December 31, 20X1:

Cash received from customers ............................. $870,000
Rent received ............................................................... 10,000
Cash paid to suppliers and employees .................. 510,000
Taxes paid .................................................................. 110,000
Cash dividends paid ................................................... 30,000


Required:

Compute cash flow provided by operations for 20X1.

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Related Book For  book-img-for-question

Financial Reporting And Analysis

ISBN: 9781260247848

8th Edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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