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Mombers Flooring Company 2011 2012 800 Cash 500 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 Net fixed assets 8,200
Mombers Flooring Company 2011 2012 Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 Net fixed assets 8,200 4,400
2011 2012 Cash 800 500 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 Net fixed assets 8,200 8,200 Land 1,000 Total As
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Momber's Flooring Company
Cash flow from financing activities Amount $ Amount $
Long Term debt taken 1,800.00
Common stock bought back during the year     (300.00)
Dividends paid 3,158.00
Net cash provided by financing activities        4,658.00
Workings
Long Term debt taken Amount $
Closing Balance 5,400.00
Less: Opening Balance 3,600.00
Long Term debt taken 1,800.00
Common stock bought back during the year Amount $
Closing Balance 2,200.00
Less: Opening Balance 2,500.00
Common stock bought back during the year     (300.00)
Dividend paid during the year Amount $
Retained Earnings- Opening 4,400.00
Add: Net Income 4,258.00
Less: Retained Earnings- Closing 5,500.00
Dividend paid during the year 3,158.00
Cash flow from investing activities Amount $ Amount $
Land purchased       (1,000.00)
Net cash used for investing activities (1,000.00)
Net cash provided by operating activities
Amount $ Amount $
Particulars
Net Income        2,996.00
Adjustment to reconcile Net Income to Net Cash
Add:
Depreciation & Amortization Expense       481.00           481.00
Cash flow from Operations        3,477.00
Changes in Current Assets/Current Liabilities
Decrease in Accounts Receivable       200.00
Increase in Inventory (1,500.00)
Decrease in Notes Payable     (400.00)
Decrease in Accounts Payable (1,000.00)
Increase in Accruals       400.00      (2,300.00)
Net cash provided by operating activities        1,177.00
Workings Amount $
Decrease in Accounts Receivable
Closing Balance        1,200.00
Less: Opening Balance        1,400.00
Decrease in Accounts Receivable          (200.00)
Increase in Inventory
Closing Balance        4,400.00
Less: Opening Balance        2,900.00
Increase in Inventory        1,500.00
Decrease in Notes Payable
Closing Balance            600.00
Less: Opening Balance        1,000.00
Decrease in Notes Payable          (400.00)
Decrease in Accounts Payable
Closing Balance        2,000.00
Less: Opening Balance        3,000.00
Decrease in Accounts Payable      (1,000.00)
Increase in Accruals
Closing Balance            900.00
Less: Opening Balance            500.00
Increase in Accruals            400.00
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