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Unformatted text preview: 16,500 Increase in Cash 12,080 Cash Balance, December 31, 20x1 26,800 Cash Balance, December 31, 20x2 $38,880 Supplemental Cash Flow Information Cash payments for income taxes $3,120 Cash payments for interest 300 Noncash investing and financing activities None Supplemental Cash Flow Information: Tax Expense 2,960 + Taxes Payable, Last year 3,120 - Taxes Payable, This year (2,960) = Cash paid for Taxes 3,120 Interest Expense 300 + Interest Payable, Last Year 0 - Interest Payable, This Year 0 = Cash paid for Interest 300...
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This note was uploaded on 09/12/2010 for the course ACCT 101 taught by Professor Drkirch during the Spring '10 term at Ohio University- Athens.
- Spring '10