This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 565,000 Reductions of long-term debt (400 ,000) Proceeds from issuing stock 60,000 Cash flows provided by financing activities 125,000 Change in cash 150,000 Cash, end of year $750,000 15. (1 point) During 2010 the DLD Company reported net income of $150,000. Building 4,000 decrease – proceeds an investing activity, no information about a gain or loss Bonds payable 8,000 increase – a financing activity Net income 150,000 Add depreciation expense 1,500 Subtract increase in AR 3,000 Add increase in accrued expenses payable 1,000 Cash flows provided by operating activities 149,500 16. (3 points) Jones Corporation Net income 7,000,000 Add depreciation expense 1,500,000 Subtract gain on sale of fixed asset 800,000 Subtract increase in AR 3,300,000 Add decrease in prepaids 800,000 Subtract decrease in AP 2,000,000 Add increase in unearned 800,000 Cash flows provided by operating activities 4,000,000 1 2...
View Full Document
- Spring '10
- Accounting, Net Income, Generally Accepted Accounting Principles, Add depreciation expense, depreciation expense Subtract