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Week 1, Assignment - 430,000 Cash flows from investing...

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Crosby Corporation Statement of Cash Flows For the Year Ended December 31, 2008. Cash flows from operating activities: Net Income(earnings after taxes) 160,000 Adjustments to detrmine cash flow from operating activites: Add back depreciation 150,000 Increase in accounts recievable (50,000) Increase in inventory (20,000) Decrease in prepaid expenses 20,000 Increase in accounts payable 190,000 Decrease in accrued expenses (20,000) Total Adjustments 270,000 Net cash flows from operating activities
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Unformatted text preview: 430,000 Cash flows from investing activities: Decrease in investments (long-term securities) 10,000 Increase in plant and equipment (400,000) Net cash clows from investing activities (390,000) Cash flows from financing activities: Increase in bonds payable 50,000 Preferred stock dividends (10,000) Common stock dividends paid (50,000) Net cash flows from financing activities (10,000) Net Increase in cash flows 30,000...
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