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(Learning Objective 4: Analyzing the statement of cash flows) Identify any weaknesses revealed by the statement of cash flows of California Fruit Growers, Inc.
writing assignment
California Fruit Growers, Inc. Statement of Cash Flows For the Current Year

Operating activities:
Income from operations $ 61,000
Add (subtract) noncash items:
Depreciation $ 11,000
Net increase in current assets other than cash (52,000)
Net decrease in current liabilities exclusive of short-term debt (19,000) (60,000)
Net cash provided by operating activities 1,000
Investing activities:
Sale of property, plant, and equipment 115,000
Financing activities:
Issuance of bonds payable $ 113,000
Payment of short-term debt (174,000)
Payment of long-term debt (86,000)
Payment of dividends (38,000)
Net cash used for financing activities (185,000)
Increase (decrease) in cash $(69,000)
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    (Learning Objective 4: Analyzing the statement of cash flows) Identify any weaknesses
    revealed by the statement of cash flows of California Fruit Growers, Inc.
    writing assignment
    California Fruit...
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ASSIGNMENT CODE: 7733743
(Learning Objective 4: Analyzing the statement of cash flows) Identify any weaknesses
revealed by the statement of cash flows of California Fruit Growers, Inc.
writing...