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HW_12 - (10-15 min E 12-15 O a Net income NIF k Acquisition...

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(10-15 min.) E 12-15 O+ a. Net income NIF k. Acquisition of equipment by issuance of note payable F– b. Payment of cash dividend F– l. Payment of long-term debt I+ c. Sale of long-term I– m. Acquisition of building by investment cash payment O+ d. Loss on sale of equipment N n. Accrual of salary expense O+ e. Amortization of intangible I– o. Purchase of long-term assets investment F+ f. Issuance of long-term note O+ p. Decrease in merchandise payable to borrow cash inventory O+ g. Depreciation of equipment O– q. Increase in prepaid expenses F– h. Purchase of treasury stock I+ r. Cash sale of land F+ i. Issuance of common stock O– s. Decrease in accrued for cash liabilities O+ j. Increase in accounts payable
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(10-15 min.) E 12-17 Cash flows from operating activities: Net income…………………………………. $ 35,000 Adjustments to reconcile net income to net cash used for operating activities: Depreciation…………………………….. $ 18,000 Loss on sale of land…………………… 5,000 Increase in current assets other than cash……………………………… (27,000) Decrease in current liabilities………...
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