carpino company - (a) CARPINO COMPANY Statement of Cash...

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(a) CARPINO COMPANY Statement of Cash Flows For the Year Ended January 31, 2008 Cash flows from operating activities Net loss. ....................................................................... $ (30,000. ..................................................................... )* Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense. ...................................... $ 55,000 Gain from sale of investment. ......................... (5,000 ) 50,000 Net cash provided by operating activities. ....................................................... 20,000 Cash flows from investing activities Sale of investment. ..................................................... 80,000 Purchase of investment. ............................................. (75,000) Purchase of fixtures and equipment. ........................ (330,000 ) Net cash used by investing activities. ....................................................... (325,000
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carpino company - (a) CARPINO COMPANY Statement of Cash...

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