Chapter 16 in-class exercises

Chapter 16 in-class exercises - CHAPTER 16 STATEMENT OF...

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CHAPTER 16 STATEMENT OF CASH FLOWS EXERCISES Ex. 16–3 a. financing b. financing c. financing d. investing e. operating f. financing g. financing h. investing i. investing j. investing k. financing Ex. 16–4 a. added b. added c. deducted d. added e. deducted f. deducted g. deducted h. added i. deducted j. added k. added Ex. 16–5 Net income. ........................................................................ $132,000 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation. ................................................................. 21,800 Changes in current operating assets and liabilities: Increase in accounts receivable. ............................ (1,900) Decrease in merchandise inventory. ..................... 3,020 Increase in prepaid expenses. ................................ (1,400) Increase in accounts payable. ................................ 3,400 Decrease in wages payable. .................................... (3,000 ) Net cash flow from operating activities. ........................ $153,920 1
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Ex. 16–6 a. Cash flows from operating activities:
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This note was uploaded on 11/25/2010 for the course BUSINESS bus 100 taught by Professor Jones during the Spring '10 term at Thomas Edison State.

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Chapter 16 in-class exercises - CHAPTER 16 STATEMENT OF...

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