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Unformatted text preview: added back in the amount of $150,000, as well as the accounts payable has an increase of $190,000. The person reading this statement gets very important information about just exactly how the daily operations are acquired and what cash flow was produced because of the daily operations. #29 The build up is in the plant and equipment gross of $400,000 and net of $250,000 has been changed by amounts of large increases in the accounts payable area of $190,000. In my opinion this is not very good for the company. The short term sources used are just that short term and may not always be there in the end. This company needs to focus more on capital assets. Seems like a more natural thing to do is more long term ventures like financing mortgages for example. By doing this it allows for money to increase in the areas of bond payable and the add back of amortizations....
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- Spring '08
- Cash Flow Statement, Generally Accepted Accounting Principles, Income Depreciation Cash, Crosby Corporation Cash, Cash Net increase