Nicole Smith Week 1 Assignment Cash Flow Statement

Nicole Smith Week 1 Assignment Cash Flow Statement - CROSBY...

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CROSBY CORPORATION Statement of Cash Flows For the Year Ended December 31, 2008 Cash flows from operating activities: Net income (earnings after taxes)…………………………… $160,000 Adjustments to determine cash flow from operating activities: Add back depreciation 150,000 Increase in accounts receivable -50,000 Increase in inventory -20,000 Decrease in prepaid expenses . 20,000 Increase in accounts payable 190,000 Decrease in accrued expenses . -20,000 Total adjustments 270,000 Net cash flows from operating activities 430,000 Cash flows from investing activities: Increase in investments (long-term securities) -10,000 Increase in plant and equipment 400,000 Net cash flows from investing activities 390,000 Cash flows from financing activities: Increase in bonds payable 50,000 Preferred stock dividends paid . -10,000 Common stock dividends paid -50,000 Net cash flows from financing activities -10,000 Net increase (decrease) in cash flows . $30,000
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28. Describe the general relationship between net income and net cash flows from
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This note was uploaded on 02/25/2012 for the course FIN/200 FIN/200 taught by Professor Worth during the Spring '10 term at University of Phoenix.

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Nicole Smith Week 1 Assignment Cash Flow Statement - CROSBY...

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