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In: Accounting

Cash and cash equivalents, Dec. 31 prior year-end $ 45,000 Cash and cash equivalents, Dec. 31...

Cash and cash equivalents, Dec. 31 prior year-end $ 45,000
Cash and cash equivalents, Dec. 31 current year-end 126,540
Cash received as interest 4,500
Cash paid for salaries 130,500
Bonds payable retired by issuing common stock (no gain or loss on retirement) 140,000
Cash paid to retire long-term notes payable 225,000
Cash received from sale of equipment 110,250
Cash received in exchange for six-month note payable 45,000
Land purchased by issuing long-term note payable 81,200
Cash paid for store equipment 42,750
Cash dividends paid 27,000
Cash paid for other expenses 72,000
Cash received from customers 873,000
Cash paid for inventory 453,960


Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31. (Amounts to be deducted should be indicated with a minus sign.)
Be sure to separate cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.


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Ferron Company

Statement of cash flows (direct method)

ekkarill92 answered 1 year ago
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