��16-17_22e

��16-17_22e - (3) Increase in accounts payable...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 16-17 Name: Section: Enter the appropriate amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. ALLIANCE STRUCTURES INC. Statement of Cash Flows For the Year Ended December 31, 2008 Cash flows from operating activities: Net income $40 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 4 Loss on sale of land 5 Changes in current operating assets and liabilities: Increase in accounts receivable (3) Increase in inventories
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: (3) Increase in accounts payable 7 Net cash flow from operating activities $50 Cash flows from investing activities: Cash received from sale of land $15 Cash paid for purchase of equipment 10 Net cash flow provided by investing activities 5 Cash flows from financing activities: Cash received from sale of common stock $23 Cash paid for dividends 11 Net cash flow provided by financing activities 12 Increase in cash $67 Cash at the beginning of the year 23 Cash at the end of the year $90...
View Full Document

Page1 / 2

��16-17_22e - (3) Increase in accounts payable...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online