Business, 25.12.2019 06:31 keidaniela

Prepare the statement of cash flows of dux company for the year ended december 31, 2018. present cash flows from operating activities by the direct method. (you may omit the schedule to reconcile net income to cash flows from operating activiti

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Answer from: gabriellaramir7786

See explanation section

Explanation:

Dux Company

Statement of cash flow (Direct Method)

For the year ended, December 31, 2018

Particulars $

Cash flow from operating activities

Cash from customers (1) 203,000

Cash from dividends (2) 2,000

Cash inflow 205,000

Cash paid to suppliers (3) (118,000)

Cash paid to employees (4) (28,000)

Cash paid for interest (5) (6,000)

Cash paid for taxes (6) (18,000)

Cash outflows (170,000)

Net cash used by operating activities $35,000

Cash flow from investing activities

Sale of assets 7,000

Purchase of plant asset (15,000)

Purchase of long-term investment

(5,000)

Net cash from investing activities $(13,000)

Cash flow from financing activities

Dividends paid (8) (27,000)

Issued bonds (7) 26,000

Purchase of treasury stock (8,000)

Net cash used by financing activities $(9,000)

Net changes in cash $13,000

Add: Cash at the beginning $20,000

Cash at the end of period $33,000

Answer from: Quest

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

Answer from: Quest

The government cuts taxes

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