The following are various cash flows and other information for Smyczek Company: a. Payments of interest, $9,300 b. Receipt from sale of land, $7,900 c. Interest collected, $10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. Collections from customers, $103,600 g. Payments of income taxes, $15,600 h. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, $68,500 j. Increase in inventories, $4,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows. SMYCZEK COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, Current Year Operating Activities: Cash Inflows: Cash Outflows:

The following are various cash flows and other information for Smyczek Company: a. Payments of interest, $9,300 b. Receipt from sale of land, $7,900 c. Interest collected, $10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. Collections from customers, $103,600 g. Payments of income taxes, $15,600 h. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, $68,500 j. Increase in inventories, $4,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows. SMYCZEK COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, Current Year Operating Activities: Cash Inflows: Cash Outflows:

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 10E

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