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Unformatted text preview: MAXIDRIVE CORP. Statement of Cash Flows For the Year Ended December 31, 20A (in thousands of dollars) Cash flows from operating activities Cash collected from customers $33,563 Cash paid to suppliers and employees (30,854) Cash paid for interest (450) Cash paid for taxes (1,190) Net cash flow from operating activities $1,069 Cash flow from investing activities Cash paid to purchase manufacturing equipment $(1,625) Net cash flow from investing activities $(1,625) Cash flows from financing activities Cash received from bank loan $1,400 Cash paid for dividends (1,000) Net cash flows from financing activities $400 Net decrease in cash during the year $(156) Cash at beginning of year 5,051 Cash at end of year $4,895 Notes to Financial Statement 3 types Describe accounting rules applied Present additional detail about items in the statements Provide additional information not in the statements 14...
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