Homework Answers
| Cash Flow Statement | ||||
| Direct Method | ||||
| Cash Flow from Operating Activities | ||||
| Cash collected from customers | $ 237,220 | =240000+29400-32180 | ||
| Cash paid for Inventory | $ -67,695 | =-(80900+40380-65000+73125-61710) | ||
| Cash paid for Operating Expenses | $ -48,000 | =-48000 | ||
| Cash paid for Interest | $ -2,000 | |||
| Cash paid for Income tax expense | $ -27,125 | =-(27650+10200-10725) | ||
| Cash used in Operating Activities | $ 92,400 | |||
| Cash flow from Investing Activities | ||||
| Sale of Equipment | $ 2,100 | |||
| Sale of Investment | $ 500 | =56400-55900 | ||
| Purchase of Equipment | $ -67,550 | |||
| Net cash used In investing activities | $ -64,950 | |||
| Cash flow from Financing Activities | ||||
| Issue of Common Stock | $ 25,000 | =117000+13000-96000-9000 | ||
| Repaid Bonds Payable | $ -17,250 | =48750-66000 | ||
| Dividend Paid | $ -33,600 | |||
| Net cash used in financing activities | $ -25,850 | |||
| Increase in Cash | $ 1,600 | |||
| Opening Balance of Cash | $ 23,040 | |||
| Closing Balance of Cash | $ 24,640 | |||
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use the direct method
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use the direct method GAZY CORPORATION Comparative Balance Sheets December 31, 2015 and 2014 Add al...
use the direct method
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use the direct method
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