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Exercise 13.7 (Algo) Format of a Statement Cash Flows (LO13-2) The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31. $ 35,800 159, 200 Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant assets Proceeds from short-tern borrowing Loans made to borrowers 22,000 10,000 Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid WYOMING OUTFITTERS, INC. Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.) Cash flows from financing activities: 5,900 4,000 Cash and cash equivalents, January 1,current year Cash and cash equivalents, December 31, current year 37,300 845,000 9,000 49,000 623,000 19,000 63,000

Exercise 13.7 (Algo) Format of a Statement Cash Flows (LO13-2) The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the current year ended December 31. $ 35,800 159, 200 Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant assets Proceeds from short-tern borrowing Loans made to borrowers 22,000 10,000 Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid WYOMING OUTFITTERS, INC. Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.) Cash flows from financing activities: 5,900 4,000 Cash and cash equivalents, January 1,current year Cash and cash equivalents, December 31, current year 37,300 845,000 9,000 49,000 623,000 19,000 63,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Exercise 13.7 (Algo) Format of a Statement of Cash Flows (LO13-2) The accounting staff of Wyoming Outfitters, Inc., has assembled the following Information for the current year ended December 31. $ 35,800 159, 200 Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant assets Proceeds from short-term borrowing Loans made to borrowers Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid WYOMING OUTFITTERS, INC. Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.) Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: 22,000 10,000 Cash and cash equivalents, January 1,current year Cash and cash equivalents, December 31, current year 5,980 4,000 37,300 845,000 9,000 49,000 623,000 19,000 63,000
Transcribed Image Text:Exercise 13.7 (Algo) Format of a Statement of Cash Flows (LO13-2) The accounting staff of Wyoming Outfitters, Inc., has assembled the following Information for the current year ended December 31. $ 35,800 159, 200 Cash and cash equivalents, Jan. 1 Cash and cash equivalents, Dec. 31 Cash paid to acquire plant assets Proceeds from short-term borrowing Loans made to borrowers Collections on loans (excluding interest) Interest and dividends received Cash received from customers Proceeds from sales of plant assets Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid WYOMING OUTFITTERS, INC. Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.) Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: 22,000 10,000 Cash and cash equivalents, January 1,current year Cash and cash equivalents, December 31, current year 5,980 4,000 37,300 845,000 9,000 49,000 623,000 19,000 63,000
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