This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Dividends paid 21000 Pay off income tax payable (13,000) Common stock sold 10,000 Net Cash from Financing Activities 24,000 Net decrease in cash ($7,000) Cash balance 1/1/02 66,000 Cash balance 12/31/02 59,000 Cash Flows from Operating Activities Cash Inflows: Cash received from customers $476,500 Cash Outflows: Cash paid for purchases (446,400) Cash paid for operating expenses (53,100) Cash paid for interest (9,000) Cash paid for taxes (52,000) Net cash provided by Operating Activities ($84,000)...
View Full Document
- Spring '08
- Generally Accepted Accounting Principles, cash Cash balance