The accounting records of The Picket Fence, Inc., reveal the following: Requirements 1. Compute cash flows from
Question:
Requirements
1. Compute cash flows from operating activities by the direct method.
2. Evaluate the operating cash flow of The Picket Fence, Inc. Give the reason for yourevaluation.
Transcribed Image Text:
Net Income. Payment of income tax.20,000 Collection of .S 41,000 Payment of salaries and wages$30,000 Depreciation Expense...10,000 . 22,000 6,000 36,000 Payment of interest Payment of Collections from customers... 133,000 dividends.. 6,000
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Req 1 Cash flows from operating activities Collections from customers 133000 Dividends received ...View the full answer
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