16-5 - BOULWARE, INC. Statement of Cash Flows (Indirect...

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BOULWARE, INC. Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2009 Cash flows from operating activities Net income $107,465 Increase in accounts receivable -8,768 Decrease in merchandise inventory 43,487 Decrease in prepaid expenses 803 Decrease in accounts payable -10,766 Decrease in wages payable -11,118 Decrease in income taxes payables -1,898 Depreciation expense 88,753 Gain on sale of plant assets -3,125 Net cash provided by operating activities $204,833 Cash flows from investing activities Cash received from sale of equip. (Note 1) 28,019 Cash paid for equipment (Note 1) -85,000 Net cash used in investing activities -56,981 Cash flows from financing activities Cash received from stock issuance (Note 2) 50,000 Cash paid to retire notes (given) -45,000 Cash paid for dividends (Note 3) -117,683 Net cash used in financing activities -112,683 Net increase in cash $35,169 Cash balance at prior year-end 49,494 Cash balance at current year-end $84,663 Adjustments to reconcile net income to net cash provided by operating activities
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This note was uploaded on 06/16/2011 for the course ACCT 201 taught by Professor Smith during the Spring '11 term at Yale.

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16-5 - BOULWARE, INC. Statement of Cash Flows (Indirect...

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