BA511-L10A2 - Student Name: Class: EATON COMPANY Statement...

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Student Name: Class: EATON COMPANY EATON C Statement of Cash Flows Comparative B For the Year Ended December 31, 2008 December 31, 2 Operating activities: Net income $56 Assets Adjustments needed to convert net income to a cash basis: Cash Depreciation charges 25 Accounts receivable Increase in accounts receivabl (80) Inventory Decrease in inventory 35 Prepaid expenses Increase in prepaid expenses (2) Plant and equipment Increase in accounts payable 75 Accumulated deprecia Decrease in accrued liabilities (10) Long-term investments Gain on sale of investments (5) Total assets Loss on sale of equipment 2 Increase in deferred income tax 8 Liabilities and Stockholders' Net cash provided by operating activities 104 Correct! Accounts payable Accrued liabilities Investing activities: Bonds payable Proceeds from sale of long-term investments $12 Deferred income taxes Proceeds from sale of equipment 18 Common stock Additions to plant and equipment (110) Retained earnings
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BA511-L10A2 - Student Name: Class: EATON COMPANY Statement...

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