Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following financial statement information for the year 2014:
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Please prepare the operating activities section of the statement of cash flows, using the direct method. Please use the following format:
$$\begin{array} { | l | l | l | }
\hline \text { Operating activities: } &\quad\quad &\quad\quad \
\hline \text { Receipts } & & \
\hline \text { Collections from customers } & & \
\hline \text { Interest received } & & \
\hline \text { Total cash receipts } & & \
\hline \text { Payments } & & \
\hline \text { To suppliers } & & \
\hline \text { To employees } & & \
\hline \text { For interest } & & \
\hline \text { For income tax } & & \
\hline \text { Total cash payments } & & \
\hline \text { Net cash from operating activities } & \
\hline
\end{array}$$

Question

Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following financial statement information for the year 2014:  
-
Please prepare the operating activities section of the statement of cash flows, using the direct method. Please use the following format:
 $$\begin{array} { | l | l | l | } 
\hline \text { Operating activities: } &\quad\quad &\quad\quad \
\hline \text { Receipts } & & \
\hline \text { Collections from customers } & & \
\hline \text { Interest received } & & \
\hline \text { Total cash receipts } & & \
\hline \text { Payments } & & \
\hline \text { To suppliers } & & \
\hline \text { To employees } & & \
\hline \text { For interest } & & \
\hline \text { For income tax } & & \
\hline \text { Total cash payments } & & \
\hline \text { Net cash from operating activities } & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following financial statement information for the year 2014:  
-
Please prepare the operating activities section of the statement of cash flows, using the direct method. Please use the following format:
 $$\begin{array} { | l | l | l | } 
\hline \text { Operating activities: } &\quad\quad &\quad\quad \
\hline \text { Receipts } & & \
\hline \text { Collections from customers } & & \
\hline \text { Interest received } & & \
\hline \text { Total cash receipts } & & \
\hline \text { Payments } & & \
\hline \text { To suppliers } & & \
\hline \text { To employees } & & \
\hline \text { For interest } & & \
\hline \text { For income tax } & & \
\hline \text { Total cash payments } & & \
\hline \text { Net cash from operating activities } & \
\hline
\end{array}$$

Avatar Company Uses the Direct Method to Prepare Its Statement