Question: I need help with just the direct method. Thanks! Required: Use the balance sheet and income statement on the backside of this page to calculate
Required: Use the balance sheet and income statement on the backside of this page to calculate cash flows for operating, investing, and financing activities. Be sure to indicate if the cash flow is an inflow or outflow. For the direct Calculate operating activities using both the direct and indirect method. method, summarize the cash flows similar to the method used in class. For example: Cash received from customers $ Cash paid for inventory $ Net cash flow from operating activities $ Use a similar method to summarize investing activities and financing activities. When you have calculated all cash flows, fill in the blanks at the bottom of the backside of this page. Attach your work to this page showing how cash flows were calculated. NO WORK-NO CREDIT. Additional information: 1. The company declared and paid a cash dividend this year. Bonds were repaid during this year in the amount of $350. Equipment was sold this year for $70. The equipment had an original cost of $130 and had $40 in accumulated depreciation on the date of sale Long-term investments were sold during the year. These investments had a cost of $50 when purchased several years ago. The subsidiaries did not repay any outstanding loans during the year. The company did not repurchase any of its own stock during the year. 2. 3. 4. 5. 6
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