514_633911500101827710_CBB_Inc._1_CF

514_633911500101827710_CBB_Inc._1_CF - Issuance of Common...

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CBB, Inc. Statement of Cash Flows For the Year Ended December 31, 20x1 Operating Activities Net Income $68,600 Adjustments to Net Income: Add: Depreciation Expense 0 Changes in: Increase in Inventory (80,000) Increase in Wages Payable 1,000 Increase in Taxes Payable 29,400 Cash Used for Operating Activities 19,000 Investing Activities Payment of Securiry Deposit (1,000) Financing Activities: New Borrowings $100,000 Payment of Dividends (4,000)
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Unformatted text preview: Issuance of Common Stock 300,000 Cash Provided by Financing Activities 396,000 Increase in Cash 414,000 Cash Balance, December 31, 20x0 Cash Balance, December 31, 20x1 $414,000 Supplemental Cash Flow Information Cash payments for income taxes $- Cash payments for interest 8,000 Noncash investing and financing activities Exchanged 500 shares of common stock for land worth $50,000 50,000...
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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.

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