Solution-Prepare statement of cash flows for mash

Prepare statement of cash flows for mash corporation

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Reference no: EM132781293

Problem 1: In order to prepare the statement of cash flows for Mash Corporation for 2019, the accountant has compiled the following data regarding cash flows:

Purchases of marketable securities	$107,000
Proceeds from sales of marketable securities	$152,000
Interest and dividends received	$81,600
Interest paid	$56,200
Taxes paid	$75,500
Dividends paid	$39,500
Proceeds from short-term borrowing	$161,500
Payments to settle short-term debts (principal repaid)	$98,500
Cash received from customers	$641,000
Cash paid to suppliers and employees	$513,000
Proceeds from issuing capital stock	$818,000
Purchases of plant assets	$528,000
Proceeds from sales of plant assets	$488,000
Cash and cash equivalents, beginning of year	$139,500

Problem 2: Based on the above information, prepare one complete statement of cash flows for Mash Corporation, showing the computation of net cash flows from operating activities by the direct method. Include a correct heading and presentation format.

Problem 3: Based on the statement of cash flows prepared from the above information, briefly explain if the company is generating enough cash to pay its obligations as they come due.

Reference no: EM132781293

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Prepare statement of cash flows for mash corporation

Reference no: EM132781293

Reference no: EM132781293

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