hw13 - $185,250 Cash flow from investing activities...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Arma Inc. Statement of Cash Flows (indirect method) For the year ended Dec31, 2007 Cash flows from operating activities $158,900 Net income adjustments to reconcile net income to net cash provided by operating activities: add back depreciation expense 46500 add back loss on sales of plant assets 7500 increase in account receivable $ -59800 increase in inventory -9650 increase in account payable 44700 increase in prepaid expense -2400 decrease in expense payable -500 26350 Net cash provided by operating activities
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $185,250 Cash flow from investing activities increase in investments-24000 sale of machinery 1500 purchase of machinery-85000 Net cash used by investing activites-107500 cash flow from financing activities payment of cash dividends-40350 payment of bonds-40000 issuance of stock 45000 net cash used by financing activities-35350 net increase in cash $42,400 cash at beginning period 48400 cash at end of period $90,800...
View Full Document

Ask a homework question - tutors are online