E5-10Operating Cash Flows: Direct Method The following are various cash flows and other information for SmyczekCompany:LO 5.9Payments of interest, $8,200b. Receipt from sale of land, S7,900Interest collected, S10,000d. Payment of dividends, $12,100e. Depreciation expense, $24,700f.g. Payments of income taxes, $15,400h. Receipt from issuance of stock, $18,900Payments to suppliers and employees,$67,500Increase in inventories, $4,600a.C.Collections from customers, $101,600Required:Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows.nte出能券券班

Cash from operating activities shows all cash inflows and cash outflows of business from the main…

Operating Cash Flows: Direct Method The following are various cash flows and other information for Smycze Company: E5-10 LO 5.9 Payments of interest, $8,200 b. Receipt from sale of land, $7,900 Interest collected, S10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. g. Payments of income taxes, $15,400 h. a. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, C. S67,500 j. Increase in inventories, $4,600 Collections from customers, $101,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows

Operating Cash Flows: Direct Method The following are various cash flows and other information for Smycze Company: E5-10 LO 5.9 Payments of interest, $8,200 b. Receipt from sale of land, $7,900 Interest collected, S10,000 d. Payment of dividends, $12,100 e. Depreciation expense, $24,700 f. g. Payments of income taxes, $15,400 h. a. Receipt from issuance of stock, $18,900 i. Payments to suppliers and employees, C. S67,500 j. Increase in inventories, $4,600 Collections from customers, $101,600 Required: Using the direct method, prepare the operating activities section of Smyczek's statement of cash flows

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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