Use the Following Information About the Calendar 2021 Cash Flows
Question 126
Question 126
Essay
Use the following information about the calendar 2021 cash flows of Grandeux Corp.to prepare a statement of cash flows (direct method)and a schedule of noncash investing and financing activities. Cash and cash equivalents balance, December 31,2020 Cash and cash equivalents balance, December 31,2021 Cash payments for merchandise Cash paid for store equipment Cash borrowed on 3-month note payable Cash dividends paid Cash paid for salaries Cash payments for other expenses Building purchased and financed by long-term note payable Cash received from customers Cash dividends received from share investments 12,00043,50060,50030,50023,0006,00066,00032,00052,000157,00046,500
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