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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
Vegetable Inc. gathered the following data from its accounting records for the year ended December 31, 2013:

Net income   $ 75,000
Increase in accounts payable   25,600
Payments to suppliers   172,500
Collections of accounts receivable   201,700
depreciation expense   16,900
Payment of income taxes   23,500
Cash sales   115,900
Repurchase of shares   50,000
Declaration of stock dividend   70,000
Loss on sale of capital assets   8,900
Issuance of bonds payable   600,000
Acquisition of equipment by issuing
non-current note payable   60,000
Collection of dividend revenue   4,500
Payment of salaries and wages   101,200
Acquisition of land   54,500
Payment of interest   4,800
Interest received on investments   1,300

Use the direct method to prepare the operating activities section of Vegetable Inc.'s 2013 cash flow statement under ASPE.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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AlexmosutheAlexmosuthe
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6 years ago
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