Cash and cash equivalents, December 31 prior year-endCash and cash equivalents, December 31 current year-endCash received as interestCash paid for salariesBonds payable retired by issuing common stock (no gain or loss on retirement]Cash paid to retire long-term notes payableCash received from sale of equipment!Land purchased by issuing long-ter notes payableCash paid for store equipmentCash dividends paideash paid for other expenseseach received from custonersCash paid for inventoryUse the above information about Ferron Company to prepare a complete statement of cash flows (drect method for the current yeended December 31. Use a note disclosure for any noncash investing and financing activeles.Note: Amounts to be deducted should be Indicated with a minus sign.FERRON COMPANYStatement of Cash FlowsFor Year Ended December 31Cash flows from operating activitiesReceipts from customersPayments for salariesReceipts of InterestPayments for other expensesPayments for inventoryNot cash provided by operating EcovilcsCash flows from investing activitiesPayment for store equipmentReceipt from sale of equipmentNot cash provided by Investing activitiesCash flows from financing activitiesPayment of cash dividendand purchased by Issuing long-term notespayablePayment to retire long-term notes payableNet Increase (decrease) in cash and cashcquivalentsCash and cash equivalents at prior year-endCash and cash couivalents at cument year-endNoncash Investing and financing activities135D00$ 31,00056,1723. 10080,000135,000000175,95078, 30020,45018,50940,1600601,400312, 728D

Name: Cash and cash equivalents, December 31 prior year-endCash and cash eq
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Description: Cash and cash equivalents, December 31 prior year-endCash and cash equivalents, December 31 current year-endCash received as interestCash paid for salariesBonds payable retired by issuing common stock (no gain or loss on retirement]Cash paid to reti

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Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 31,000 56,172 3, 100 80,000 135,000 155,000 75,950 78, 309 20,450 18,609 40, 600 601, 400 312, 728 Use the above information about Ferran Company to prepare a complete statement of cash flows (direct method for the current ended December 31. Use a note disclosure for any noncash Investing and financing activities. Note: Amounts to be deducted should be Indicated with a minus sign.

Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 31,000 56,172 3, 100 80,000 135,000 155,000 75,950 78, 309 20,450 18,609 40, 600 601, 400 312, 728 Use the above information about Ferran Company to prepare a complete statement of cash flows (direct method for the current ended December 31. Use a note disclosure for any noncash Investing and financing activities. Note: Amounts to be deducted should be Indicated with a minus sign.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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