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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Preparing Net Cash Flows from Operating Activities-Direct Method

Colassard Industries has the following data available for preparation of its statement of cash flows:

Chapter 11, Problem 48E, Preparing Net Cash Flows from Operating Activities-Direct Method Colassard Industries has the

Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the direct method.

To determine

Introduction:

The immediate technique for introducing the announcement of money streams displays the particular money streams related with things that influence income. Things that normally do as such include:

Money gathered from clients

Intrigue and profits received

Money paid to workers

Money paid to providers

Intrigue paid

Salary charges paid

To compute:

Prepare the cash flow from operating activities section of the statement of cash flow using the direct method.

Explanation
Particular Amount ($)
Cash flow from operating activity
Cash collected from debtor
Cash paid:
Cash paid to supplier
Cash paid for operating expense
Cash paid for interest
Cash paid for income tax
Cash provided operating activity
401400
208130
71030
13910
27400
80930

Cash collected from debtor = sale + decrease in accounts receivable

=3858...

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