The following information was taken from the records of Romora Supply House. Prepare a statement of cash

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The following information was taken from the records of Romora Supply House. Prepare a statement of cash flows (direct method) for the period ending December 31, 2012. Assume that all transactions involve cash.

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Financial Accounting in an Economic Context

ISBN: 978-0470635292

8th Edition

Authors: Jamie Pratt

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Question Posted: Nov 16, 2011 07:14 AM

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The following information was taken from the records of Romora Supply House. Prepare a statement of cash

Question:

2012 2011 $ 5,000 23,000 23,000 2,000 8,000 32,000 9,000 Cash S12,000 18,000 27,000 7,000 6,000 35,000 9,000 64,000 Noncash operating assets Nonoperating assets Operating liabilities Nonoperating liabilities Contributed capital Retained earnings Revenues Expenses Dividends 61,000 3,000

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Financial Accounting in an Economic Context

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