acty2110 computer project 1 final

acty2110 computer project 1 final - $8,900 Purchased...

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McElroy Company Statement of Cash Flows For The Year Ended December 31, 2006 Cash Flows From Operating Activities Net income $107,300 Depreciation Expense 44,300 Less Increase in Accounts Recievable (5,400) Add Decrease in Inventory 496,100 Less Decrease in Accounts Payable (462,700) Less Gain On Sale of Equipment (500) Net Cash Flows From Operating Activities $179,100 Cash Flows From Investing Activities Sold Equipment
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Unformatted text preview: $8,900 Purchased Equipment (49,000) Purchased Land (101,250) Net Cash Flows From investing Activities (141,350) Cash Flows From Financing Activities Paid Dividends $(34,700) Cash Paid From Long Term Borrowing (134,000) Add Increase in Short Term Notes Payable 34,600 Net Cash Flows From Financing Activities (134,100) Net Cash Flows For Year $(96,350) Cash, January 1 413,100 Cash, December 31 $316,750...
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