Statement of Cash Flows

Statement of Cash Flows - Cash flows from investing...

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Statement of Cash Flows CIPRA INC. nded Dec 31, 2010 Cash flows from operating activities Net Income $158,900  Adj. to reconcile net income to net cash provided by oper act Depreciation Expense $46,500  Increase in Prepaid Expenses ($2,400) Increase Accounts Receivable ($54,800) Increase Inventory  ($9,650.00) Decrease Accrued Expenses Payable ($500) Loss on sale of plant assests 7,500 Increase Accounts Payable  34700.00 $21,350.00 21,350  Net cash provided (used) by operating activities $180,250 
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Unformatted text preview: Cash flows from investing activities Increase in Investments ($24,000) Purchase of Plant Assets ($100,000) Sale of Plant Assets $1,500 -$122,500.00-$122,500.00 Net cash provided (used) by investing activities-$122,500.00 Cash flows from financing activities Bonds Payable ($40,000) Common Stock $45,000 Cash Dividends ($30,350)-$25,350.00 (25,350) Net cash provided (used) in financing activities ($25,350) Increase (decrease) in cash during the period $32,400...
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This note was uploaded on 04/05/2012 for the course ECON 25 taught by Professor Shirey during the Spring '11 term at UC Irvine.

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