To prepare the statement of cash flows, accountants for Houton & Associates, Inc., summarized 2016 activity in

Question:

To prepare the statement of cash flows, accountants for Houton & Associates, Inc., summarized 2016 activity in the Cash account as:

Cash Beginning balance Receipts of interest Collections from customers Issuance of common stock 13,000 Payment on accoun

Requirement

Prepare the statement of cash flows of Houton & Associates, Inc., for the year ended December 31, 2016, using the direct method for operating activities?

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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