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Unformatted text preview: (23) Purchase of investments (31) (37) Cash flow from financing Issue of preferred shares 75 Repayment of bonds (60) Cash dividends paid (22) (7) Increase in cash 44 Cash, beginning of year 81 Cash, end of year $125 Cash flow from operations - indirect (reference only, not required) Net income $67 Adjust for non cash items Depreciation 12 Patent amortization 2 Amortization of discount on bonds payable 3 Loss on disposal of equipment 18 Changes in working capital Decrease in A/R - net 4 Increase in investment revenue receivable (2) Increase in inventory (5) Decrease in prepaid insurance 4 Decrease in accounts payable (15) Decrease in salaries payable (5) Increase in bonds interest payable 4 Increase in income taxes payable 1 $88...
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This note was uploaded on 12/18/2011 for the course BUSINESS 450 taught by Professor Smith during the Winter '10 term at Ryerson.
- Winter '10