Matthew_McCoy_Problem 16-6A

Matthew_McCoy_Problem 16-6A - 148,000 Cash flows from...

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Matthew McCoy Problem 16-6A      MEMPHIS CORPORATION          Statement of Cash Flows (Direct Method)                 For Year Ended December 31, 2009 Cash flows from operating activities    Cash received from customers 1,786,000    Cash paid for merchandise (1,119,000)    Cash paid for other operating expenses (500,000)    Cash paid for income taxes (19,000)    Net cash provided by operating activities
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Unformatted text preview: 148,000 Cash flows from investing activities Cash paid for equipment (105,000) Net cash used in investing activities (105,000) Cash flows from financing activities Cash received from issuance of common stock 70,000 Cash paid for dividends (85,000) Net cash used in financing activities (15,000) Net increase in cash 28,000 Cash at prior year-end 137,000 Cash at current year-end 165,000...
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This note was uploaded on 09/24/2011 for the course ACCT 212 taught by Professor Sheik during the Spring '11 term at Mountain State.

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Matthew_McCoy_Problem 16-6A - 148,000 Cash flows from...

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