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Rich Pugh unit 9 exercises - $49,520 Cash flows from...

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Problem 16-1A 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. MAVENIR TECHNOLOGIES INC. Statement of Cash Flows For the Year Ended December 31, 2010 Cash flows from operating activities: Net income $75,520 ## Adjustments to reconcile net income to net cash flow from operating activities: A Depreciation ## 9,200 ## Gain on sale of investments ## (20,000) ## Changes in current operating assets and liabilities: ## Increase in accounts receivable ## (9,440) ## D Increase in inventories ## (12,320) ## Increase in accounts payable ## 11,760 ## Decrease in accrued expenses ## (5,200) ## Net cash flow from operating activities
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Unformatted text preview: $49,520 ## ## Cash flows from investing activities: Cash received from sale of investments ## $140,000 ## Cash paid for purchase of land ## $164,000 Err:508 Cash paid for purchase of equipment ## 76,000 Err 240,000 Err:508 Net cash flow used for investing activities (100,000) ## ## Cash flows from financing activities: Cash received from sale of common stock ## $116,000 ## Cash paid for dividends ## 45,600 Err:508 Net cash flow provided by financing activities 70,400 ## Increase in cash $19,920 ## Cash at the beginning of the year 292,960 ## Cash at the end of the year $312,880 ##...
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