prepare a statement of cash flows direct method for the period ending december 31 20 621858
Preparing a statement of cash flows from information contained in the other financial statements
The following information was taken from the records of Romora Supply House. Prepare a statement of cash flows (direct method) for the period ending December 31, 2012. Assume that all transactions involve cash.
|
2012 |
2011 |
|
|
Cash |
$12,000 |
$5,000 |
|
Noncash operating assets |
18,000 |
23,000 |
|
Nonoperating assets |
27,000 |
23,000 |
|
Operating liabilities |
7,000 |
2,000 |
|
Nonoperating liabilities |
6,000 |
8,000 |
|
Contributed capital |
35,000 |
32,000 |
|
Retained earnings |
9,000 |
9,000 |
|
Revenues |
64,000 |
|
|
Expenses |
61,000 |
|
|
Dividends |
3,000 |