Question

This information is for Tamarisk, Inc. for the year ended December 31, 2017. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/17 $18,100 45,100 29,200 7,000 17,800 13,000 (a) Prepare the 2017 statement of cash flows for Tamarisk, Inc.. (List negative amounts either with a negative Tamarisk, Inc. Statement of Cash Flows

Answer 1

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Naming convention is not available, can be slightly different: Solution: Cash flow Statement - Direct Method Amount ($) $ $ 45,100 17,800 $ 27,300 $ -29,200 Particulars Cash flow from Operating Activities: Cash received from customers Cash paid to suppliers Net Cash provided by Operating Activities (A) Cash Flow from Investing Activities: Cash paid for new equipment Net cash used in investing activities (B) Cash Flow from Financing Activities: Cash received from lenders Cash Dividends paid Net Cash provided by Financing Activities -C) Net Increase (Decrease) in Cash (A+B+C) Cash balance 1/1/17 Cash balance 12/31/17 $ -29,200 $ $ 18,100 7,000 $ $ $ $ 11,100 9,200 13,000 22,200