Question: Your answer is partially correct. Try again. The 2020 accounting records of Blocker Transport reveal these transactions and events $10,200 Collection of accounts receivable $190,700
Your answer is partially correct. Try again. The 2020 accounting records of Blocker Transport reveal these transactions and events $10,200 Collection of accounts receivable $190,700 57,500 Payment of interest Cash sales Receipt of dvidend revenue Payment of income taxes Net income Payment of accounts payable 49,700 Payment of salaries and wages 17,800 Depreciation expense 16,600 Proceeds from sale of vehicles 37,100 Purchase of equipment for cash 11,700 21,000 Loss on sale of vehicles 14,000 Payment of dividends 73,700 Payment of operating expenses 13,300 28,500 for merchandise Payment for land Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.) (Show amounts that decrease cash flow with either a -sign e.g.-15,000 or in parenthesis e.g. (15,000). Blocker Transport Statement of Cash Flows-Direct Method Cash receipts from Proceeds from Disposal of Plant Assets 190700 Lesscash paymens For Interest For Income Taxes 16500 For Payment of Dividends 114000 For Salaries and Wages 190700 28700 Cash Flows from Operating Activities Click if you would like to Show Work for this question: Open Show Work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
