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Statement of Cash Flows Indirect method
Menschem Corporation
For the year ended December 31, 2010
Cash flow from operating activites
Net Income
34,000
Adjustment to reconcile net income
to net cash provided by operating activitites:
Depreciation
6,000
Increase in account receivable
-18,000
Increase in account payable
5,000
-7,000
Net cash provided by operating activities
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Unformatted text preview: 27,000 Cash flows from investing activities Purchase of equipment -15,000 Net cash used by investing activites -15,000 Cash use by financing activities Issance of common stock 20,000 Payment of cash dividends -23,000 Net cash provided by financing activties Err:522 Net increase in cash 9,000 Cash at beginning of year 13,000 Cash at end of year 22,000...
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- Spring '10
- Monk
- Accounting, Cash Flow Statement, Depreciation, Generally Accepted Accounting Principles, Cash Flows Indirect, Cash cash
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