Ch23 Assigned Homework

Ch23 Assigned Homework - CHAPTER 23 Statement of Cash Flows...

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CHAPTER 23 Statement of Cash Flows BRIEF EXERCISE 23-1 Cash flow from investing activities Sale of land. ..................................................................... $ 180,000 Purchase of equipment. ................................................. (415,000) Purchase of available-for-sale securities. .................... (59,000 ) Net cash used by investing activities. .......................... $(294,000 ) BRIEF EXERCISE 23-2 Cash flow from financing activities Issuance of common stock. ........................................... $ 250,000 Issuance of bonds payable. ........................................... 510,000 Payment of dividends. .................................................... (350,000) Purchase of treasury stock. ........................................... (46,000 ) Net cash provided by financing activities. ................... $ 364,000 BRIEF EXERCISE 23-3 (a) P-I (g) P-F (m) N (b) A (h) D (n) D (c) R-F (i) P-I (o) R-F (d) A (j) A (p) P-F (e) R-I (k) D (q) R-I, A (f) R-I, D (l) R-F (r) P-F
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BRIEF EXERCISE 23-4 Cash flows from operating activities Cash received from customers ($200,000 – $12,000). ........................................ $188,000 Cash payments To suppliers ($120,000 + $11,000 – $13,000). ............... $118,000 For operating expenses ($50,000 – $21,000). .................................. 29,000 147,000 Net cash provided by operating activities. ....... $ 41,000 BRIEF EXERCISE 23-5 Cash flows from operating activities Net income. .......................................................... $30,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense. ................................ $21,000 Increase in accounts payable. ................... 13,000 Increase in accounts receivable. ............... (12,000) Increase in inventory. ................................. (11,000 ) 11,000 Net cash provided by operating activities. ....... $41,000
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This note was uploaded on 02/15/2012 for the course ACCT 381 taught by Professor Marleybrown during the Spring '11 term at Portland State.

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Ch23 Assigned Homework - CHAPTER 23 Statement of Cash Flows...

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