Answer:
See explanation section
Explanation:
Dux Company
Statement of cash flow (Direct Method)
For the year ended, December 31, 2018
Particulars $
<em>Cash flow from operating activities</em>
Cash from customers (1) 203,000
Cash from dividends (2) <u>2,000</u>
Cash inflow 205,000
Cash paid to suppliers (3) (118,000)
Cash paid to employees (4) (28,000)
Cash paid for interest (5) (6,000)
Cash paid for taxes (6) (18,000)
Cash outflows <u>(170,000)</u>
Net cash used by operating activities $35,000
<em>Cash flow from investing activities</em>
Sale of assets 7,000
Purchase of plant asset (15,000)
Purchase of long-term investment
(5,000)
Net cash from investing activities $(13,000)
<em>Cash flow from financing activities</em>
Dividends paid (8) (27,000)
Issued bonds (7) 26,000
Purchase of treasury stock (8,000)
Net cash used by financing activities <u> $(9,000)</u>
Net changes in cash $13,000
Add: Cash at the beginning <u> $20,000</u>
Cash at the end of period $33,000