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

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Definitions:

Compiler-Dependent

Pertains to elements or behaviors in a programming language that can vary between different compilers.

Stdio.H File

A header file in C programming that provides functionalities for standard input/output operations.

EOF

Stands for End Of File, a condition indicating that there is no more data to be read from a file or stream.

Break Statement

A command in programming that immediately exits from a loop or switch statement.