Cash_Flow_-_Solution

Cash_Flow_-_Solution - 20,0 00 12,000 Amortization of...

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Complete the operating section of the cash flow statement for 2012 using the following  information. 2012 2011 Profit 1,000, 000 700,000 Income Tax Expense 20,0 00 14,000 Cash 100, 000 140,000 Trade Receivabl es 200, 000 80,000 Inventory 140, 000 150,000 Building - Carrying Value 200, 000 150,000 Trade Payables 40,0 00 50,000 Accrued Liabilities 80,0 00 20,000 Loss on Sale of Land 40,0 00 - Depreciati on Expense 150, 000 150,000 Dividends Payable 80,0 00 70,000 Bonds Payable 100, 000 125,000 Cost of Sales 3,500, 000 3,200,000 Interest Payable 60,0 00 40,000 Income Tax Payable
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Unformatted text preview: 20,0 00 12,000 Amortization of Premium of Bonds Payable 30,000 27,560 Cash Flows from Operation s Profit 1,000,000 Add/Deduct Items Not Affecting Cash Depreciati on Expense 150,000 Amortization of Premium of Bonds Payable (30,000) Loss on Sale of Land 40,000 Increase in Trade Receivabl es (120,000) Decrease in Inventory 10,000 Decrease in Trade Payables (10,000) Increase in Accrued Liabilities 60,000 Increase in Interest Payable 20,000 Increase in Income Tax Payable 8,000 Net Cash Flows from Operations 1,128,000...
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This note was uploaded on 01/18/2012 for the course AFM 101 taught by Professor Kennedy during the Fall '08 term at Waterloo.

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Cash_Flow_-_Solution - 20,0 00 12,000 Amortization of...

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