02-20Ex_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Exercise 2-20 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. POLARIS REALTY INC. Statement of Cash Flows For the Month Ended November 30, 2011 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities: Cash flows from financing activities: Net cash flows from financing activities Cash as of November 1, 2011 Cash as of November 30, 2011 Instructions
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Exercise 2-20 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) will appear in the column to the right of an incorrect answer. POLARIS REALTY INC. Statement of Cash Flows For the Month Ended November 30, 2011 Cash flows from operating activities: Cash receipts from operating activities $120,000 Cash payments for operating activities 90,000 Net cash flows from operating activities $30,000 Cash flows from investing activities: Cash payment for land (42,000) Cash flows from financing activities: Cash receipts from issuing capital stock $25,000 Cash receipts from notes payable 35,000 Cash payments for dividends (10,000) Net cash flows from financing activities 50,000 Net increase in cash during November $38,000 Cash as of November 1, 2011 0 Cash as of November 30, 2011 $38,000 Instructions...
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.

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02-20Ex_5e_s - A red asterisk (*) will appear in the column...

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