Lupin, Inc. began fiscal 2017 with cash and cash equivalents of $1,018,800. The following schedule of cash receipts and payments relates to the company for the year 2017:
Required:
Prepare, in good form, a statement of cash flow using the direct method for fiscal 2017.

Question

Lupin, Inc. began fiscal 2017 with cash and cash equivalents of $1,018,800. The following schedule of cash receipts and payments relates to the company for the year 2017:
  Required:
Prepare, in good form, a statement of cash flow using the direct method for fiscal 2017.

Quizplus · Accepted Answer

The Answer of Lupin, Inc. began fiscal 2017 with cash and cash equivalents of $1,018,800. The following schedule of cash receipts and payments relates to the company for the year 2017:
  Required:
Prepare, in good form, a statement of cash flow using the direct method for fiscal 2017.