ADMS 2510 Lecture Notes - Lecture 10: Financial Statement, Accounts Payable, Cash Flow Statement
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ADMS 2510 Full Course Notes
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Use the information on deep corp for questions 1 to 25. Financial statements income statement for 2012 and comparative balance sheet for diving equipment manufacturer deep corp (deep) for december 31, 2012 and 2011. Deep corp. - income statement as of december 31st, 2012. Deep corp. - balance sheet - december 31. You shall prepare both an indirect and direct cash flow statement to answer the questions below. Questions 1 to 7 are for the cash flow statement for deep corp. prepared by using the. Note: the answers are the way the numbers will appear on the direct cash flow direct method. The total amount of cash receipts from customers is: a). b). c). d). e). ,850 more than ,200 not enough data to calculate it. The total amount of cash payments to suppliers is: a). b). c). d). e). The total cash payments for operating expenses are: a). b). c). d). e).