Homework Answers
| Cash flow statement | ||||
| Cash flow from operating activities | ||||
| net income | 494656 | |||
| adjustment to reconcile net income | ||||
| Depreciation expenses | 148800 | |||
| loss on disposal of plant assets | 24000 | |||
| Increase in accounts receivables | -159360 | |||
| increase in inventory | -30880 | |||
| increase in prepaid expenses | -7680 | |||
| increase in accounts payable | 111040 | |||
| decrease in accrued expenses payable | -14400 | |||
| net cash flow from operating activities | 566176 | |||
| cash flow from investing activities | ||||
| sale of new plant assets | 4800 | |||
| purchase of new plant assets | -320000 | |||
| purchase of investment | -92800 | |||
| net cash flow from investing activities | -408000 | |||
| cash flow from financing activities | ||||
| issuance of common stock | 144000 | |||
| Dividend paid | -83296 | |||
| payment of bonds | -115200 | |||
| net cash flow from financing activities | -54496 | |||
| net increase/decrease in cash | 103680 | |||
| beginning cash balance | 154880 | |||
| ending cash balance | 258560 | |||
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how do you get 1033680 as net increase/decrease in cash, towards the bottom of page
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