Final's_Problem 13_6B - Student Name: Ankita Shah Class:...

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Student Name: Ankita Shah Class: ACCTG - 50 Final Problem 13.6B a. Foxbro Technologies Statement of Cash Flows For the Year Ended December 31, 2007 Cash flows from operating activities: Cash received from customers (1) $3,340,000 Interest received (2) 65,000 Cash provided by operating activities $3,405,000 Cash paid to suppliers and employees (3) $(2,334,000) Interest paid (4) (23,000) Income taxes paid (5) (125,000) Cash disbursed for operating activities (2,482,000) Net cash flow from operating activities $923,000 Cash flows from investing activities: Purchases of marketable securities $(50,000) Proceeds from sales of marketable securities (6) 65,000 Loans made to borrowers (30,000) Collections on loans 27,000 Cash paid to acquire plant assets (350,000) Proceeds from sales of plant assets (7) 22,000 Net cash used by investing activities (316,000) Cash flows from financing activities: Proceeds from short-term borrowing $56,000 Payments to settle short-term debts (70,000) Proceeds from issuing capital stock (8) 160,000 Dividends paid (300,000) Net cash provided by financing activities (154,000)
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Final's_Problem 13_6B - Student Name: Ankita Shah Class:...

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