Avatar Company Uses the Direct Method to Prepare Its Statement

question 60

Essay

Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following financial statement information for the year 2014:
-
Please prepare the operating activities section of the statement of cash flows, using the direct method. Please use the following format:
$$\begin{array} { | l | l | l | } \hline \text { Operating activities: } &\quad\quad &\quad\quad \\\hline \text { Receipts } & & \\\hline \text { Collections from customers } & & \\\hline \text { Interest received } & & \\\hline \text { Total cash receipts } & & \\\hline \text { Payments } & & \\\hline \text { To suppliers } & & \\\hline \text { To employees } & & \\\hline \text { For interest } & & \\\hline \text { For income tax } & & \\\hline \text { Total cash payments } & & \\\hline \text { Net cash from operating activities } & \\\hline\end{array}$$

---

Definitions:

Therapy Group

A form of psychotherapy where a small number of people meet regularly to discuss, interact, and solve their problems with the guidance of a therapist.

Discussing Confidentiality

The act of talking about the importance of keeping certain information private within a specific context or group.

Residential Settings

Environments or places where people live or reside, such as homes, apartments, assisted living facilities, or dormitories.

Self Competency

The ability to understand and manage one's own skills, emotions, and behaviors effectively.