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

question 27

Essay

Format of a cash flow statement-direct method
Arrange the following information to complete the statement of cash flows for Olympia Company. Place parentheses around those dollar amounts representing cash outlays.
$\begin{array}{|l|r|}\hline \text { Purchase of equity securities } & \$ 48,000 \\\hline \text { Proceeds from sales of equity securities } & \$ 75,000 \\\hline \text { Interest and dividends received } & \$ 19,500 \\\hline \text { Interest paid } & \$ 18,000 \\\hline \text { Tax paid } & \$ 43,500 \\\hline \text { Dividends paid } & \$ 27,000 \\\hline \text { Proceeds from short-term borrowing } & \$ 31,500 \\\hline \text { Payments to settle short-term debt (principal repaid) } & \$ 36,000 \\\hline \text { Cash receipts from customers } & \$ 681,000 \\\hline \text { Cash paid to suppliers and employees } & \$ 531,000 \\\hline \text { Proceeds from issuing ordinary shares } & \$ 118,500 \\\hline \text { Purchases of property, plant and equipment } & \$ 201,000 \\\hline \text { Proceeds from sales of property, plant and equipment } & \$ 58,500 \\\hline \text { Cash and cash equivalents, beginning of year } & \$ 73,500 \\\hline\end{array}$

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