Reference no: EM131211342
Statement of Cash Flow (Direct Method) Format the following information to complete the statement of cash flows for Torres Consultants, Inc.
Place parentheses around those dollar amounts representing cash outlays.
Payments to settle short-term debt…………………………….$ 45,000
Purchases of plant assets………………………………………. 300,000
Interest paid……………………………………………………. 40,000
Taxes paid……………………………………………………… 70,000
Interest and dividends received………………………………… 30,000
Proceeds from short-term borrowing…………………………… 50,000
Cash received from customers………………………………… 920,000
Cash paid to suppliers and employees……………………….. 550,000
Proceeds from sale of marketable securities…………………… 200,000
Dividends paid………………………………………………. 50,000
Proceeds from issuance of capital stock……………………… 140,000
Purchases of marketable securities…………………………………… 90,000
Proceeds from sale of plant assets……………………………. 40,000
Cash and cash equivalents, beginning of year…………..…….. 55,000
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: Statement of Cash Flow (Direct Method) Format the following information to complete the statement of cash flows for Torres Consultants, Inc. Place parentheses around those dollar amounts representing cash outlays.
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