Week 10 class 2

Week 10 class 2 - Week 10 class 2 (35-45 min.) P 12-6A Req....

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Week 10 class 2 (35-45 min.) P 12-6A Req. 1 Moncton Building Supply Inc. Cash Flow Statement For the Year Ended December 31, 2006 Cash flows from operating activities: Receipts: Collections from customers ($714,200 + $118,000). ................................ $ 832,200 Interest received. ............................................. 14,200 Dividends received. ......................................... 3,600 Total cash receipts. .................................... $ 850,000 Payments: To suppliers. .................................................... $(700,500) To employees. ................................................. (106,200) For income tax. ................................................ (44,700) For interest. ...................................................... (27,600 ) Total cash payments. ................................. (879,000 ) Net cash used for operating activities. ......... (29,000) Cash flows from investing activities: Acquisition of capital assets. .............................. $(162,000) Collection of loans. .............................................. 29,600 Proceeds from sale of capital assets. ................ 31,800 Loan to another company. .................................. (30,000) Proceeds from sale of investments. ................... 41,000
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Week 10 class 2 - Week 10 class 2 (35-45 min.) P 12-6A Req....

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