Mississippi Products Co. had the following positive cash flows during the current year: received cash from customers of $750,000; received bank loans of $35,000; and received cash from the sale of common stock of $145,000. During the same year, cash was paid out to purchase inventory for $345,000, to employees for $230,000, and for the purchase of plant assets of $217,000. Calculate the amount of cash provided by or used for operating activities by the direct method.

Mississippi Products Co. had the following positive cash flows during the current year: received cash from customers of $750,000; received bank loans of $35,000; and received cash from the sale of common stock of $145,000. During the same year, cash was paid out to purchase inventory for $345,000, to employees for $230,000, and for the purchase of plant assets of $217,000. Calculate the amount of cash provided by or used for operating activities by the direct method.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 10RE: In the current year, Harrisburg Corporation collected 100,000 from its customers and paid out 30,000...

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Georgia Products Co. had the following positive cash flows during the current year: received cashfrom customers of $750,000; received bank loans of $35,000; and received cash from the sale ofcommon stock of $145,000. During the same year, cash was paid out to purchase inventory for$335,000, to employees for $230,000, and for the purchase of plant assets of $190,000. Calculatethe amount of cash provided by or used for operating activities by the direct method.
Louisiana Products Company had the following positive cash flows during the current year: received cash from customers of $750,000; received bank loans of $35,000; and received cash from the sale of common stock of $145,000. During the same year, cash was paid to purchase inventory for $345,000, to employees for wages of $230,000, and for the purchase of plant assets of $217,000. Calculate the amount of cash provided by or used for operating activities by the direct method. Not cash operating activities
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At the beginning of the year, Gonzalo’s Corporation had 100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was 300,000 and the company’s investing activities required cash expenditures of 800,000. The company’s cash position at the end of the year was 50,000? What was the net cash provided by the company’s financing activities?
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Tech Gear Corporation started the year with $100,000 cash and reported net cash provided by operating activities of $200,000, cash paid for dividends of $40,000, cash received from stock issuance of $30,000, cash paid for equipment purchases of $150,000, cash paid for intangible assets of $100,000, and cash paid on bank loan of $35,000. create a statement of cash flows from the above information
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