At the end of the year, Wyatt Company had the following information related to transactions in its cash account:

Additionally, Wyatt had a cash balance at the beginning and ending of the year of $75,000 and $24,000, respectively.
Using this information, prepare Wyatt's cash flow statement using the direct method.

Question

At the end of the year, Wyatt Company had the following information related to transactions in its cash account:
 
Additionally, Wyatt had a cash balance at the beginning and ending of the year of $75,000 and $24,000, respectively.
Using this information, prepare Wyatt's cash flow statement using the direct method.

Quizplus · Accepted Answer

The Answer of At the end of the year, Wyatt Company had the following information related to transactions in its cash account:
 
Additionally, Wyatt had a cash balance at the beginning and ending of the year of $75,000 and $24,000, respectively.
Using this information, prepare Wyatt's cash flow statement using the direct method.

At the End of the Year, Wyatt Company Had the Following