Format of a Cash Flows Statement-Direct Method
Arrange the Following

question 35

Essay

Format of a cash flows statement-direct method
Arrange the following information to complete the statement of cash flows for Jericho Corporation assuming interest and dividends received and paid are classified as operating activities. Place parentheses around those dollar amounts representing cash outlays.
$\begin{array}{|l|r|}\hline \text { Collection on loans made to bor rowers } & \$ 104,000 \\\hline \text { Loans made to bor rowers } & \$ 229,000 \\\hline \text { Interest and dividends received } & \$ 24,000 \\\hline \text { Interest paid } & \$ 21,500 \\\hline \text { Income taxes paid } & \$ 91,500 \\\hline \text { Dividends paid } & \$ 44,000 \\\hline \text { Payments to retire bonds payable } & \$ 179,000 \\\hline \text { Payments to settle short-term debts } & \$ 474,000 \\\hline \text { Cash receipts from customers } & \$ 1,709,000 \\\hline \text { Cash paid to suppliers and employees } & \$ 1,054,000 \\\hline \text { Proceeds from issuing ordinary shares } & \$ 254,000 \\\hline \text { Purchases of property, plant and equipment } & \$ 684,000 \\\hline \text { Proceeds from sales of property, plant and equipment } & \$ 329,000 \\\hline \text { Cash and cash equivalents, beginning of year } & \$ 481,500\\\hline\end{array}$

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Definitions:

Sampling Distribution

The distribution of a statistic (such as the mean) computed from a sample, over repeated sampling from the same population.

Variability

The extent to which data points differ from each other and from the mean of the data set.

Sampling Distribution

The distribution that indicates the probabilities of a given statistic, which is acquired from a random sample.

T-distribution

A probability distribution used in statistics that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the population standard deviation is unknown.