BProblemsChapter 11-1

BProblemsChapter 11-1 - P roblem 11-1 2003 sales....

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Problem 11-1 2003 sales. ................................................................................................................................................................................ $8,743,000 Less: Change in accounts receivable. ....................................................................................................................................... (70,000) Cash generated from sales during 2003. ................................................................................................................................... $8,673,000 Problem 11-2 a. Issuance of a 12-month note in return for $2 million cash is a financing source of cash. Use of $2 million cash to purchase equipment is an investment use of cash. b. Cash proceeds from the issuance of common stock is a financing source of cash. The use of cash to retire mortgage bonds is a financing use of cash. c.
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