Chapter 05 - In-Class Exercises - Cash Flow Solution

Chapter 05 - In-Class Exercises - Cash Flow Solution -...

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Chapter # 5 In-Class Exercises Page 6 of 6 Chapter 05 - In-Class Exercises.doc - 11/15/06) Ajax Inc. Cash Flow Statement For the year ended December 31, 2008 Cash Flows from Operating Activities Net Income 81,650 $ Adjustments to reconcile NI to Cash Depreciation expense 13,800 $ Gain on sale of equipment (1,150) Increase in accounts receivable (6,900) Increase in pre-paid insurance (4,600) Increase in accounts payable 11,500 12,650 Net cash from operating activities
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Unformatted text preview: 94,300 Cash Flows from Investing Activities Purchase equipment (39,100) Proceeds from sale of equipment 3,450 Purchase investment (18,400) Net cash from investing activities (54,050) Cash Flows from Financing Activities Issuance of common stock 46,000 Payment of cash dividends (32,200) Net cash from financing activities 13,800 Net change in cash 54,050 $ Cash at beginning of year 13,800 Cash at end of year 67,850 $...
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