Exam 2 problem 3

Exam 2 problem 3 - Statement of Cash Flows For the Year...

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Statement of Cash Flows For the Year Ended December 31, 2010 Cash Flows from Operating Activities Net Income $201,000 Adjustments to reconcile Net Income to net cash provided by operating activities Increase in Accounts Receivable ($42,000) Decrease in Accounts Payable ($15,000) Depreciation Expense $75,000 Decrease in Inventory $30,000 Decrease in Prepaid Expenses $9,000 Patent Amortization $21,000 Increase in Accrued Liablities $18,000 $96,000 Net Cash provided by Operating Activities $297,000 Cash used in Investing Activities Purchase of Plant Assets ($210,000) Cash Flows from Financing Activities Sale of Preferred Stock $645,000 Payment of Cash Dividend
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This note was uploaded on 06/23/2010 for the course ACC 151 taught by Professor Thompson during the Spring '10 term at Acadia.

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Exam 2 problem 3 - Statement of Cash Flows For the Year...

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