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The following cash transactions occurred during the period.
Interest received in cash $18,000
Payment of wages to employees $35,000
Purchase of a piece of equipment for cash $120,000
Distribution of cash dividend declared last year $25,000
Fill in the statement of cash flows following US GAAP. Use the direct method for calculating cash flow from Operating Activities.

Respuesta :

Answer:

-$17,000

Explanation:

The computation of the cash flow from Operating Activities is shown below;

= Interest received in cash  - Payment of wages to employees

= $18,000 - $35,000

= -$17,000

Hence, the cash used from operating activities is -$17,000

So the same is considered and relevant

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