As the Accountant at O'Donnell Industries,you Are Responsible for Preparing $\quad$

question 137

Essay

As the accountant at O'Donnell Industries,you are responsible for preparing the cash flow statement.You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records:
payment of long-term debt $\quad$$\quad$$\quad$$\quad$ $200,000
Collections on accounts receivable $\quad$$\quad$ 210,600 Acquisition of equipment by issuing
Cash received from sale of property,plant,and equipment,
Prepare the financing activities section of the cash flow statement using the direct method for the year ended December 31,2017.

---

Definitions:

Marginal Social Benefit

The supplementary advantage to society from the production or utilization of an additional unit of a product or service.

Pollution

The introduction of harmful substances or products into the environment, causing adverse effects on living beings and ecosystems.

Marginal Social Cost

The additional cost to society as a whole of producing one extra unit of a good or service.

Too Little

A situation where the quantity or amount available or supplied is insufficient to meet demand or requirements.