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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

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

Refer to the information for Granville Manufacturing Company.

Required:

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

To determine

(a)

Under the direct method, the main segment of the cash flow statement that will contrast in introduction is the cash flow from activities area. The direct method records the cash receipts and installments made amid a period for a business' tasks.

To compute:

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

Explanation

In the books of Granville Manufacturing Company

Cash flow operating activity for operating activity

Particular Amount ($)
Cash collected from customer 4017430
Cash paid to suppliers ( 2842085)
Cash paid for operating expense ( 887700)
Cash provided for operating activity 287645

Cash collected from customer

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