Homework 0124

Homework 0124 - Exercises 15-17 20 21 22 23,24 25 Exercise...

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Exercises 15-17, 20, 21, 22, 23,,24, 25 Exercise 15-17 a Sold warehouse - investing - source b Reported a profit - operating - source c Retired long term bonds - financing - use d Paid cash dividends - financing - use e Obtained mortgage - financing - source f Purchased robotic system - investing - use g Issued long term note payable - financing - source h Purchased a 40% interest in a company - investing - use i Reported a loss for the year - operating - use j Negotiated a working capital loan - financing - source Exercise 15-20 Inmac Company Operating Cash Flows Beginning Ending Change Cash 24,000 30,000 6,000 A/R 15,000 21,500 6,500 Inventory 8,000 11,300 3,300 Prepaid Expenses 6,000 4,000 (2,000) Acc Deprec 18,000 19,500 1,500 A/P 10,000 12,250 2,250 Wages Payable 6,000 4,000 (2,000) Schedule of Operating Cash Flows Net Income 12,050 Add (deduct) adjustments Depreciation Expense 1,500 Increase in A/R (6,500) Increase in Inventory (3,300) Decrease in Prepaid Expenses 2,000 Increase in A/P
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Homework 0124 - Exercises 15-17 20 21 22 23,24 25 Exercise...

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