week 5 acct421 - week 5 acct 421 E6-5 A. B. C. 30,000 8yr...

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week 5 acct 421 E6-5 A. 30,000 8yr 12%,.40388 12,116.40 B. 30,000 16yr 9yr,.25187 7,556.10 C. 30,000 46,164.38 E6-10 A. Mike must leave that balance in the fund for 25years B. Serena’s must invest compound annually at an interest rate of 12%. E23-11 Pat Metheny Company Statement of Cash Flow For the year ending December 31, 2008 Cash flows from investing activities Net income $810 Adjustment to reconcile net income to net cash provided by operating activities: Increase in rece ($450) Depreciation expense ($1,200-$1,170) ($30) Gain on sale of inventory $80 Decrease in inventory $300 Increase in accounts payable $300 Increase in accrued liabilities ($50) $50 Net cash provided by operating activities $860 Cash flows from investing activities Sales of held -to-maturity investments $1,420-$1,300+$80 $200 Purchase of plant assets $1,900- $1,700-$70 ($130) Net cash provided by investing activities $70 Cash flows financing activities Issuance of capital stock $1,900-$1,700-$70 $130 Retirement of bonds payable
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week 5 acct421 - week 5 acct 421 E6-5 A. B. C. 30,000 8yr...

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