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(Learning Objective 4: Analyzing the statement of cash flows) Identify any weaknesses revealed by the statement of cash flows of California Fruit...

This question was answered on Dec 07, 2011. View the Answer
(Learning Objective 4: Analyzing the statement of cash flows) Identify any weaknesses revealed by the statement of cash flows of California Fruit Growers, Inc.
writing assignment
California Fruit Growers, Inc. Statement of Cash Flows For the Current Year

Operating activities:
Income from operations $ 61,000
Add (subtract) noncash items:
Depreciation $ 11,000
Net increase in current assets other than cash (52,000)
Net decrease in current liabilities exclusive of short-term debt (19,000) (60,000)
Net cash provided by operating activities 1,000
Investing activities:
Sale of property, plant, and equipment 115,000
Financing activities:
Issuance of bonds payable $ 113,000
Payment of short-term debt (174,000)
Payment of long-term debt (86,000)
Payment of dividends (38,000)
Net cash used for financing activities (185,000)
Increase (decrease) in cash $(69,000)
E13-20A.docx

(Learning Objective 4: Analyzing the statement of cash flows) Identify any weaknesses
revealed by the statement of cash flows of California Fruit Growers, Inc.
writing assignment
California Fruit Growers, Inc. Statement of Cash Flows For the Current Year
Operating activities:
Income from operations $ 61,000 Add (subtract) noncash items:
Depreciation $ 11,000 Net increase in current assets other than cash (52,000) Net decrease in current liabilities exclusive of short-term debt (19,000) Net cash provided by operating activities (60,000)
1,000 Investing activities:
Sale of property, plant, and equipment 115,000 Financing activities:
Issuance of bonds payable $ 113,000 Payment of short-term debt (174,000) Payment of long-term debt (86,000) Payment of dividends (38,000) Net cash used for financing activities (185,000) Increase (decrease) in cash $(69,000)

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Accounting-7733743.doc

ASSIGNMENT CODE: 7733743
(Learning Objective 4: Analyzing the statement of cash flows) Identify any weaknesses
revealed by the statement of cash flows of California Fruit Growers, Inc.
writing...

This question was asked on Dec 05, 2011 and answered on Dec 07, 2011.

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