jones clothing store presented the following statement of cash - FinalQuiz

Question

jones clothing store presented the following statement of cash flows for the year ended december 31, 2012 .

jones clothing store statement of cash flows for the year ended december 31, 2012

cash received:
from sales to customers	$200,000
interest income	10,000
loans from banks	50,000
from sale of property, plant, and equipment	100,000
from issuance of common stock	150,000
from issuance of bonds	100,000
total cash received	$610,000
cash payments:
for dividends	$20,000
for purchase of stock of another company	150,000
for purchase of equipment	200,000
for acquisition of inventory	80,000
to employees	60,000
total cash payments	$510,000
net increase in cash	$100,000

required:

a.	prepare a statement of cash flows in proper form.
b.	comment on the major flows of cash.

Answer

This answer is hidden. It contains 867 characters.

Related questions