Chemalite Cash Flows

Chemalite Cash Flows - Purchase of Equipment (212,500) Cash...

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Chemalite, Inc. Statement of Cash Flows For year ending December 31, 2003 Cash Flows from Operations Net Income $39,375 Adustments to Net Income Increase in AR (69,500) Increase in raw materials (55,000) Depreciation Expense 10,625 Patent Amortization Expense 25,000 (88,875) (49,500) Cash flows from Investing Activities
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Unformatted text preview: Purchase of Equipment (212,500) Cash flows from Financing Activities Borrowings 50,000 Repayment of debt (50,000) Issuance of Stock 375,000 375,000 Total Cash Flows 113,000 Cash beginning of Year- Cash balance, 12/31/03 113,000...
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