ProblemSet11 - E1219 NoelTravelProducts,Inc....

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E12-19 Noel Travel Products, Inc. Statement of Cash Flows Year Ended December 31, 20X6 Cash flows from operating activities: Net income $57,000  Adjustments to reconcile net income to net cash provided by operating activities Depreciation $29,000  Decrease in accts receivabl 15,000 Increase in inventory -6,000 Increase in prepaid expenses -1,000 Increse in accounts  payable 13,000 Decrease in accrued liabilities -8,000 42,000 Net cash provided by operating activities 99,000 Cash flows from investing activities: Acquisition of plant assets -100,000 Proceeds from sale of land 24,000 Net cash used for investing activities -76,000 Cash flows from financing activities: Proceeds from issuance of common stock 30,000 Payment of long-term note payable -15,000 Payment of dividends -11,000 Net cash provided by  financing activities 4,000 Net increase in cash 27,000 Cash balance, December 31, 20X5 20,000 Cash balance, December 31, 20X6
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This note was uploaded on 04/22/2011 for the course ECON 1001 taught by Professor Puller during the Spring '11 term at Georgia Institute of Technology.

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ProblemSet11 - E1219 NoelTravelProducts,Inc....

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