the following items should appear on a statement of cash flows for gordon company fo 4375620

The following items should appear on a statement of cash flows for Gordon Company for its fiscal year ending on March 31, 2012. Organize these items into a formal statement of cash flows, and then comment briefly on the company’s health. Proceeds from the issuance of shares………………………. $25,000 Dividends paid……………………………………………… 3,000 Cash balance on March 31, 2012…………………………… 4,000 Payments to employees for salaries…………………………. 10,000 Cash payments for other expenses…………………………… 2,000 Cash receipts from customers……………………………….. 14,000 Repayment of bank loan…………………………………….. 3,000 Proceeds from the sale of old equipment…………………… 1,000 Cash balance on April 1, 2011………………………………. 8,000 Cash invested in shares of Tim Hortons Inc………………… 2,000 Cash disbursements to suppliers…………………………….. 9,000 Payment for purchase of equipment………………………… 15,000 View Solution:
The following items should appear on a statement of cash

Related Articles

armstrong helmet company 239138

Armstrong Helmet Company manufactures a unique model of bicycle helmet Question Case project Learning Objectives: Prepare practical applications of course concepts Develop analytical and critical thinking Develop decision-making capabilities Enhance professional...

read more
GET A FREE QUOTE





  
Open chat
Need help? We are Online 24/7
Hello 👋
Can we help you?