Use the Following Calendar-Year Information to Prepare Adam Company's Statement

question 107

Essay

Use the following calendar-year information to prepare Adam Company's statement of cash flows using the direct method.
$\begin{array}{|l|r|}\hline\text { Cash paid to purchase machinery } & \$ 124,000 \\\hline \text { Cash paid for merchandise inventory } & 220,000 \\\hline \text { Cash paid for operating expenses } & 280,000 \\\hline \text { Cash paid for interest } & 4,000 \\\hline \text { Cash received for interest } & 10,000 \\\hline \text { Cash proceeds from sale of land } & 15,000 \\\hline \text { Cash balance at beginning of year } & 77,000 \\\hline \text { Cash balance at end of year } & 25,000 \\\hline \text { Cash borrowed on a short-term note } & 24,000 \\\hline \text { Cash dividends paid } & 57,000 \\\hline \text { Cash received from stock issuance } & 522,000\\\hline\end{array}$

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Definitions:

Marketing Program Implementation

The execution phase of a marketing strategy where plans and concepts are put into action.

Line Positions

Roles or jobs within an organization that are directly involved in the core activities leading to the creation or delivery of the product or service.

Staff Positions

Roles within an organization that support the line functions indirectly, providing expertise, advice, and support to direct operations.

Marketing Organization

A group or structure within a company that focuses on promoting and selling products or services.