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prepare a statement of cash flows direct method for the period ending december 31 20 621858

Preparing a statement of cash flows from information contained in the other financial statements

The following information was taken from the records of Romora Supply House. Prepare a statement of cash flows (direct method) for the period ending December 31, 2012. Assume that all transactions involve cash.

2012

2011

Cash

$12,000

$5,000

Noncash operating assets

18,000

23,000

Nonoperating assets

27,000

23,000

Operating liabilities

7,000

2,000

Nonoperating liabilities

6,000

8,000

Contributed capital

35,000

32,000

Retained earnings

9,000

9,000

Revenues

64,000

Expenses

61,000

Dividends

3,000

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