Chapter 4 The Income Statement and Statement of Cash Flows16

Chapter 4 The Income Statement and Statement of Cash Flows16

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Brief Exercise 4-13 Cash Flows from Operating Activities: Collections from customers $ 660,000 Interest on note receivable 12,000 Interest on note payable (18,000) Payment of operating expenses (440,000 ) Net cash flows from operating activities $214,000 Only these four cash flow transactions relate to operating activities. The others are investing and financing activities. Brief Exercise 4-14
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Unformatted text preview: Cash Flows from Investing Activities: Proceeds from note receivable collection $100,000 Sale of land 40,000 Purchase of equipment (120,000 ) Net cash flows from investing activities $20,000 Cash Flows from Financing Activities: Issuance of common stock $200,000 Payment of dividends (30,000 ) Net cash flows from financing activities 170,000...
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