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Unformatted text preview: (3,000) (1,000) 100 $ E14–14 Grimes Pools Statement of Cash Flows For the Year Ended December 31, 2012 Cash from operating activities: Cash collections from sales Cash paid on operating liabilities Cash paid for expenses Net cash increase (decrease) due to operating activities $ $ 35,000 (6,000) (34,000) (5,000) Cash from investing activities: Proceeds from sale of nonoperating assets 8,000a Cash from financing activities: Proceeds from issuing debt Payment of dividends Repurchase of contributed capital Net cash increase (decrease) due to financing activities Net increase (decrease) in cash (2,000) Beginning cash balance, January 1, 2012 Ending cash balance, December 31, 2012 $ 2,000b (3,000) (4,000)c (5,000) $ $ 6,000 4,000 a Proceeds from sale of nonoperating assets equals the decrease in nonoperating assets. Since no gain on sale of assets or loss on sale of assets is reported, one must assume that the book value of the assets sold equaled the proceeds from the sale. b Proceeds from issue of debt = Increase in nonoperating liabilities c Repurchase of contributed capital = Decrease in contributed capital E14–15 Romora Supply House Statement of Cash Flows For the Year Ended December 31, 2012 Cash from operating activities: Cash collections from sales Cash from decrease in noncash operating assets Cash from increase in operating liabilities Cash paid for expenses Net cash increase (decrease) due to operating activities $ $ 64,000 5,000 5,000 (61,000) 13,000 Cash from investing activities: Purchase of nonoperating assets (4,000)a Cash from financing activities: Proceeds from contributed capital Payment on debt Payment of dividends Net cash increase (decrease) due to financing activities Net increase (decrease) in cash $ 3,000b (2,000)c (3,000) (2,000) Beginning cash balance, January 1, 2012 Ending cash balance, December 31, 2012 12,000 a b c $ 7,000 5,000 $ Purchase of nonoperating assets = Increase in nonoperating assets Proceeds from contributed capital = Increase in contributed capital Payment on nonoperating debt = Decrease in nonoperating liabilities E14–16 Accrual­Basis Sales 2012 Sales = Cash inflows from sales made during 2012 + 2012 Ending accounts rece...
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