Booth Manufacturing has provided the following financial statements. Other information includes:… 1 answer below »

Booth Manufacturing has provided the following financial statements.

Other information includes: (a) Equipment with a book value of $125,000 was sold for $175,000 (original cost was $225,000); and (b) Dividends of $225,000 were declared and paid.

Statement of Cash Flows: Direct Method Refer to the information for Booth Manufacturing above.

Required:

Calculate operating cash flows using the direct method.

 

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