This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Collections from customers $ 660,000 Payment of operating expenses (440,000 ) Net cash flows from operating activities $220,000 Cash Flows from Investing Activities: Proceeds from note receivable collection $100,000 Sale of land 40,000 Interest on note receivable 12,000 Purchase of equipment (120,000 ) Net cash flows from investing activities $32,000 Cash Flows from Financing Activities: Issuance of common stock $200,000 Payment of dividends (30,000) Interest on note payable (18,000 ) Net cash flows from financing activities 152,000...
View Full Document
- Spring '10