Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 24

Statement of cash flows-direct method applied to PR 13-1B
The comparative balance sheet of Merrick Equipment Co. for Dec. 31, 20Y9 and 20Y8, is:

The income statement for the year ended December 31, 20Y9, is as follows:

Additional data obtained form an examination of the accounts in the ledger for 20Y9 are as follows:
A. Equipment and land were acquired for cash.
B. There were no disposals of equipment during the year.
C. The investments were sold for $91,800 cash.
D. The common stock was issued for cash.
E. There was a $102,000 debit to Retained Earnings for cash dividends declared
Instructions
Prepare a statement of cash flows, using the direct method of presenting cash flows from operating activities.