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

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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
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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...
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