Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Exercise 51

Format of a Statement of Cash Flows
The accounting staff of Welch Company has assembled the following information for the year ended December 31, 2015:

Instructions
Prepare a statement of cash flows in the format illustrated in Exhibit 13-1. Place brackets around amounts representing cash outflows. Use the direct method of reporting cash flows from operating activities.
Some of the items above will be listed in your statement without change. However, you will have to combine certain given information to compute the amounts of (1) collections from customers, (2) cash paid to suppliers and employees, and (3) proceeds from sales of plant assets. (Hint: Not every item listed above is used in preparing a statement of cash flows.)
EXHIBIT 13-1
Allison Corporation Statement of Cash Flows