- Financial Accounting & Bookkeeping
- The Financial Statements
- Statement of Cash Flows
Statement of Cash Flow
Commerce Company provides the following comparative data:
Cash $ 93 $ 127
Accounts Receivable 22 24
Merchandise Inventory 50 40
Equipment 240 250
Accumulated Depreciation, Equipment 50 65
Accounts Payable 40 36
Common Stock 145 150
Retained Earnings 170 190
During 2010, the company reported sales of $275, cost of goods sold of $150, and selling and administrative expenses of $90. No equipment was sold or stock repurchased during the year.
Prepare a statement of cash flows identifying the amount of cash provided or used by operations and financing and investing activities, including payment of dividends.
The solution prepares cash flow statement for Commerce Company.