E2-16 - F. Cash Flow from Operating Activities Net income...

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Kate's Interior Balance Sheet May 31, 2011 Assets Cash 100,000 Cash Land 500,000 Land Total Assets 600,000 Total Asse Liabilities Notes Payable Notes Paya Stockholders's Equity 200,000 Capital Stock 75,000 Capital Sto Retained earnings 325,000 Retained e Total Stockholder's equity 400,000 Total Liability and Stockholder's equity Total Liabil 600,000 B. RE 410,000 -CS 325,000 +DIV 35000 = 120,000 C. Cash Flow from Operating Activities Net income      Plus: Increase in notes payable Net cash provided by operating activities D. Determine the net cash flows from financing activities Cash Flow from Financing Activities  Issuance of Common Stock      Minus: Payment of cash dividend Net cash provided by financing activities E. Determine the net increase or decrease in cash Determine the net cash flows from investing activities Cash Flow from Investing Activities       Less: Cash paid for land purchase Net cash provided by investing activities
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Unformatted text preview: F. Cash Flow from Operating Activities Net income Plus: Increase in notes payable $50,000 Net cash provided by operating activities Cash Flow from Investing Activities Less: Cash paid for land purchase (75,000) Net cash provided by investing activities Cash Flow from Financing Activities Plus: Issuance of Common Stock 15,000 Minus: Payment of cash dividend (35,000) Net cash provided by financing activities Net increase in cash Kate's Interior Balance Sheet June 30, 2011 Assets 175,000 575,000 ts 750,000 Liabilities able Stockholders's Equity 250,000 ock 90,000 earnings 410,000 Total Stockholder's equity 500,000 ility and Stockholder's equity 750,000 $120,000 50,000 $170,000 $15,000 (35,000) ($20,000) (35,000) ($35,000) $120,000 $170,000 (75,000) (20,000) $75,000...
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E2-16 - F. Cash Flow from Operating Activities Net income...

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