The following cash transactions occurred during the period. Cash Dividend received $21,000 Sale of used plant equipment

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The following cash transactions occurred during the period.

Cash Dividend received $21,000

Sale of used plant equipment for cash $27,000

Cash collections from customers $200,000

Interest paid on loan $16,000

Fill in the statement of cash flows on the left following US GAAP. Use the direct method for calculating cash flow from Operating Activities.

ACCORDING TO US GAAP

OPERATING ACTIVITIES

SOURCES: ?

(USES:) ?

INVESTING ACTIVITIES

SOURCES: ?

(USES:) ?

FINANCING ACTIVITIES

SOURCES: ?

(USES:) ?

Related Book For answer-question

Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Posted Date: Jan 26, 2024 09:11 AM

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The following cash transactions occurred during the period. Cash Dividend received $21,000 Sale of used plant equipment

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OPERATING ACTIVITIES SOURCES Cash collections from customers 200000 USES No specific uses provided i... View the full answer

Fundamental financial accounting concepts

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