Ch11a - Chapter 11 - Statement of Cash Flows P11-4A The...

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Chapter 11 - Statement of Cash Flows 11-1 P11-4A The income statement, balance sheet, and additional information for Video Phones, Inc., are provided.
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Chapter 11 - Statement of Cash Flows 11-2 Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.
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Chapter 11 - Statement of Cash Flows 11-3 Video Phones, Inc. Statement of Cash Flows For the Year Ended December 31, 2012 Cash Flows from Operating Activities Net income $130,000 Adjustments for noncash effects: Depreciation expense 27,000 Loss (on sale of land) 8,000 Increase in accounts receivable (21,000) Decrease in inventory 30,000 Increase in prepaid rent (6,000) Decrease in accounts payable (15,000) Decrease in interest payable (4,000) Increase in income tax payable 1,000 Net cash flows from operating activities $150,000 Cash Flows from Investing Activities Purchase investment in bonds (105,000) Sale of land 22,000 Net cash flows from investing activities (83,000) Cash Flows from Financing Activities Payment of cash dividends (25,000) Net cash flows from financing activities (25,000)
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This note was uploaded on 02/23/2012 for the course MGMT 200 taught by Professor Greigg during the Summer '08 term at Purdue.

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Ch11a - Chapter 11 - Statement of Cash Flows P11-4A The...

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