Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 10

The following income statement and selected balance sheet account data are available for Treece, Inc., at December 31, 2015:

Additional Information
1.ividend revenue is recognized on the cash basis.ll other income statement amounts are recognized on the accrual basis.
2.perating expenses include depreciation expense of $115,000.
Instructions
a.repare a partial statement of cash flows, including only the operating activities section of the statement and using the direct method.lace brackets around numbers representing cash payments.how supporting computations for the following:
1.ash received from customers.
2.nterest and dividends received.
3.ash paid to suppliers and employees.
4.nterest paid.
5.ncome taxes paid.
b.anagement of Treece, Inc., is exploring ways to increase the cash flows from operations.ne way that cash flows could be increased is through more aggressive collection of receivables.ssuming that management has already taken all the steps possible to increase revenue and reduce expenses, describe two other ways that cash flows from operations could be increased.