E10-5 - (15,000 Net Cash Provided by Operating Activities $545,000 Cash Flows from Investing Activities Equipment Purchased $(380,000 Sale of

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E10-5 Preparation of Statement of Cash Flows Consolidated Enterprises Inc. and Subsidiary Consolidated Statement of Cash Flows For the Year Ended December 31, 20X3 Cash Flows from Operating Activities: Consolidated Net Income $ 450,000 Noncash Expenses, Revenue, and Gains Included in Income: Depreciation Expense 73,000 Goodwill Impairment Loss 3,000 Income Assigned to Noncontrolling Interest 14,000 Gain on Sale of Equipment (8,000) Decrease in Accounts Receivable 23,000 Increase in Accounts Payable 5,000 Increase in Inventory
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Unformatted text preview: (15,000 ) Net Cash Provided by Operating Activities $545,000 Cash Flows from Investing Activities: Equipment Purchased $(380,000) Sale of Equipment 45,000 Net Cash Used in Investing Activities (335,000) Cash Flows from Financing Activities: Sale of Bonds $ 120,000 Repurchase of Common Stock (35,000) Dividends Paid: To Parent Company Shareholders (60,000) To Noncontrolling Shareholders (6,000 ) Net Cash Provided by Financing Activities 19,000 Net Increase in Cash $229,000...
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This note was uploaded on 02/19/2011 for the course ACC 440 taught by Professor Henderson during the Spring '08 term at University of Phoenix.

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