Chapter 4 The Income Statement and Statement of Cash Flows40

Chapter 4 The Income Statement and Statement of Cash Flows40

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Exercise 4-22 Tiger Enterprises Statement of Cash Flows For the Year Ended December 31, 2011 ($ in thousands) Cash flows from operating activities: Net income $ 900 Adjustments for noncash effects: Depreciation expense 240 Changes in operating assets and liabilities: Decrease in accounts receivable 80 Increase in inventory (40) Increase in prepaid insurance (30) Decrease in accounts payable (60) Decrease in administrative and other payables (100) Increase in income taxes payable 50 Net cash flows from operating activities
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Unformatted text preview: $1,040 Cash flows from investing activities: Purchase of plant and equipment (300) Cash flows from financing activities: Proceeds from issuance of common stock 100 Proceeds from note payable 200 Payment of dividends (1) (940 ) Net cash flows from financing activities(640 ) Net increase in cash 100 Cash, January 1 200 Cash, December 31 $ 300 (1) Retained earnings, beginning $540 + Net income 900- Dividends x x = $940 Retained earnings, ending $500...
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