{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Hinson 5-4 Statement of Cash Flows

Hinson 5-4 Statement of Cash Flows - Cash Flows from...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Intermediate Accounting I Assignment 5-4 Statement of Cash Flows Jamie Hinson February 4, 2008 Exercise 4-16 Wainwright Corporation Statement of Cash Flows For March 2006 Cash Flows from Operating Assets Collections from customers* $175,000 Purchase of inventory** (70,000) Payment of selling and admin.exp.*** (77,000) Net Cash flows from Operating Activities 28,000 Cash Flows from Investing Activities Purchase of equipment (40,000)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Cash Flows from Financing Activities Issuance of Common Stock 300,000 Net increase in cash 288,000 Cash Flows for March 2006 $288,000 * – Sales revenue plus decrease in accounts receivable. ** – Cost of goods sold, plus increase in inventory, less increase in accounts payable. ***– Selling and Administrative expenses, plus decrease in payables for selling and administrative expenses....
View Full Document

{[ snackBarMessage ]}