Chapter 16_classDE

Chapter 16_classDE - Chapter16 Problem164A...

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

View Full Document Right Arrow Icon
Chapter 16 Problem 16-4A  MEMPHIS CORPORATION Statement of Cash Flows For Year Ended December 31, 2009 Cash flows from operating activities    Net income. .................................................................................. $127,000    Adjustments to reconcile net income to net       cash provided by operating activities       Increase in accounts receivable ($82,000 - $74,000). .................... (8,000)       Increase in inventory ($620,000 - $525,000). ................................. (95,000)       Increase in accounts payable ($160,000 - $96,000). ......................  64,000       Increase in taxes payable ($22,000 - $19,000). .............................. 3,000       Depreciation expense. ................................................................    57,000      Net cash provided by operating activities. ..................................... $148,000 Cash flows from investing activities   Cash paid for equipment. .............................................................. (105,000) Cash flows from financing activities Cash received from issuing stock (14,000 x $5). ............................. 70,000 Cash paid for cash dividends. .......................................................   (85,000 ) Net cash used in financing activities. ............................................    (15,000
Background image of page 1

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

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

This note was uploaded on 06/09/2011 for the course ECON econ 1001 taught by Professor Wong during the Fall '09 term at HKU.

Page1 / 4

Chapter 16_classDE - Chapter16 Problem164A...

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