Identifying cash flows from investing activities and financing activities
In preparation for developing its statement of cash flows for the year ended December 31, 2013, Millennium Solutions, Inc., collected the following information ($ in millions):
In Millennium’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2013?
Cash flows from operating activities (direct method) derived from an income statement and cash flows from operating activities indirect methods
The income statement and a schedule reconciling cash flows from operating activities to net income are provided below ($ in 000s) for Peach Computers.
Calculate each of the following amounts for Peach Computers:
Statement of cash flows; direct method
The comparative balance sheets for 2013 and 2012 and the statement of income for 2013 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.
Additional information from the accounting records:
Prepare the statement of cash flows of Dux Company for the year ended December 31, 2013. Present cash flows from operating activities by the direct method. (You may omit the schedule to reconcile net income to cash flows from operating activities.)