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The following exhibit demonstrates the classification of cash receipts and disbursements in the investing and financing activities of a statement of cash flows (though without detail of the required operating activities section).

Liquid Corporation Statement of Cash Flows For the Year Ended December 31, 20X1
Net cash flows from operating activities		$ xxx
Cash flows from investing activities:
Purchase of property, plant, and equipment	$(xxx)
Proceeds from sales of investments	Xxx
Purchases of investments	(xxx)
Sale of equipment	Xx
Collection of notes receivable	Xx
Net cash provided by (used in) investing activities		(xx)
Cash flows from financing activities:
Dividend payments	(xxx)
Payment of contingent consideration	(xxx)
Sale of common stock	Xxx
Repayment of long‐term debt	(xx)
Reduction of notes payable	(xx)
Proceeds from debt	Xxx
Payment of debt issue costs	(xx)
Principal payments under lease obligations	(xxx)
Net cash provided by financing activities		xx
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		xx
Cash, cash equivalents, and restricted cash
Net increase (decrease) in cash, cash equivalents, and restricted cash and restricted cash equivalents		xxx
Cash, cash equivalents, and restricted cash at beginning of year		xxx
Cash, cash equivalents, and restricted cash at end of year		$ xxx
Supplemental disclosure of cash flow information
Cash paid for interest, net of amounts capitalized		($xxx)
Cash paid for income taxes, net of refunds		($xxx)
Schedule of noncash financing and investing activities:
Conversion of bonds into common stock		$ xxx
Right‐to‐use property acquired in exchange for a lease liability		$ xxx
Dividends declared, not paid		$ xxx

Operating Activities Presentation The operating activities section of the statement of cash flows can be presented under the direct method or the indirect method.

Exhibit—Converting Income Statement Amounts from the Accrual Basis to the Cash Basis—Direct Method

Accrual Basis		Additions		Deductions		Cash Basis
Net sales	+	Beginning A/R	–	Ending A/R	=	Cash received from customers
Cost of goods sold	+	Ending inventory Beginning A/P	–	Manufacturing depreciation and amortization Beginning inventory Ending A/P	=	Cash paid to suppliers
Operating expenses	+	Ending prepaid expenses Beginning accrued expenses	–	Sales and administrative depreciation and amortization Beginning prepaid expenses Ending accrued expenses payable Bad debts expense	=	Cash paid for operating expenses