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Unformatted text preview: italics): Bronco Metals Statement of Cash Flows For the Year Ended December 31, 2011 Cash flows from operating activities: Collections from customers $ 353,000 Purchase of inventory (186,000) Payment of operating expenses (67,000 ) Net cash flows from operating activities $100,000 Cash flows from investing activities: Interest on note receivable 4,000 Dividends received from investments 2,400 Collection of note receivable 100,000 Purchase of equipment (154,000 ) Net cash flows from investing activities (47,600) Cash flows from financing activities: Payment of interest on note payable (8,000) Proceeds from issuance of common stock 200,000 Dividends paid (40,000 ) Net cash flows from financing activities 152,000 Net increase in cash 204,400 Cash and cash equivalents, January 1 28,600 Cash and cash equivalents, December 31 $233,000...
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This note was uploaded on 01/08/2011 for the course -2 20101 taught by Professor Georgesanchez during the Spring '10 term at USC.
- Spring '10