Determine what amounts Sunland should report in its statement of cash flows for the year ended December for the Current Attempt in Progress
Sunland Corp. uses the dirct method to prepare its statement of cash flows. Sunland's trial balances at December and
are as follows. Additional information:
Sunland purchased $ in equipment during
Sunland allocated onethird of its depreciation expense to selling expenses and the remainder to general and administrative
expenses.
Bad debt expense for was $ and writeoffs of uncollectible accounts totaled $ Determine what amounts Sunland should report in its statement of cash flows for the year ended December for the
following items.
a Cash collected from customers.
b Cash paid to suppliers.
$
c Cash paid for interest.
$
d Cash paid for income taxes.
$
e Cash paid for selling expenses.
$
following items.
a Cash collected from customers.
b Cash paid to suppliers.
$
c Cash paid for interest.
$
d Cash paid for income taxes.
$
e Cash paid for selling expenses.
$
