Question: Current Attempt in Progress Tamarisk Corp. uses the direct method to prepare its statement of cash flows. Tamarisk's trial balances at December 3 1 ,
Current Attempt in Progress
Tamarisk Corp. uses the direct method to prepare its statement of cash flows. Tamarisk's trial balances at December and are as follows. begintabularlll
hline multicolumnlCredits
hline Allowance for doubtful accounts & $ & $
hline Accumulated depreciationplant assets & &
hline Accounts payable & &
hline Income taxes payable & &
hline Deferred tax liability & &
hline callable bonds payable & &
hline Common stock & &
hline Paidin capital in excess of par & &
hline Retained earnings & &
hline Sales revenue & &
hline & $ & $
hline
endtabular Additional information:
Tamarisk purchased $ in equipment during
Tamarisk allocated onethird of its depreciation expense to selling expenses and the remainder to general and administrative expenses.
Bad debt expense for was $ and writeoffs of uncollectible accounts totaled $
Determine what amounts Tamarisk should report in its statement of cash flows for the year ended December for the following items.
a Cash collected from customers. $
b Cash paid to suppliers. $
c Cash paid for interest. $
d Cash paid for income taxes. $
e Cash paid for selling expenses. $
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