06 PY 2002 Stmt Cash Flows

06 PY 2002 Stmt Cash Flows - APPLE BLOSSOM COLOGNE COMPANY...

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275 APPLE BLOSSOM COLOGNE COMPANY Statement of Cash Flows Years Ended December 31, 2002 and 2001 2002 2001 Cash flows from operating activities: Net income $274,823 $143,666 Add <Deduct> items not using <providing> cash: Depreciation. .............................................................................. 64,422 60,778 Change in accounts receivable. .................................................. 4,509 (23,981) Change in allowance for bad debts. ........................................... (1,880) (5,693) Change in inventory. .................................................................. (285,627) (52,480) Change in prepaid expenses 4,049 (8,740) Change in accounts payable. ...................................................... 82,512 25,281 Change in accrued liabilities. ..................................................... 28,210 (57,549) Change in income taxes payable. ............................................... 49,542 (4,214) Gain or loss--sale of assets. ........................................................ (18,638) (13,893) Gain or loss--sale of investments. ............................... (13,874) Net cash provided--operating activities. .............................................. $201,922 $49,301 Cash flows from investing activities: Cash provided Sale of assets. ................................................................. 39,638 52,664 Cash disbursed
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