7-Lafarge_solution - LAFORGE COMPANY CASE SOLUTION LaForge...

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LAFORGE COMPANY CASE SOLUTION LaForge Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2005 (Dollars in thousands) Cash flows from operating activities: Net income. ................................................................. $ 70 Adjustments: Depreciation expense. ............................................ $ 60 Decrease in accounts receivable. .......................... 50 Increase in inventory. .............................................. (30) Increase in prepaid general expenses. .................. (8) Increase in accounts payable. ................................ 25 Increase in interest payable. .................................. 2 Decrease in income taxes payable. ....................... (17 ) 82 Net cash provided by operating activities. .............. $ 152 Cash flows from investing activities: Sale of plant assets. ................................................... $ 200 Purchase of plant assets. .......................................... (349 ) (a)
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This note was uploaded on 05/04/2008 for the course ACCT 3320 taught by Professor Frankzhang during the Summer '06 term at University of Texas at Dallas, Richardson.

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7-Lafarge_solution - LAFORGE COMPANY CASE SOLUTION LaForge...

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