Payton Place Industries, Inc., is a manufacturer of steel products for customers such as House Depot and

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Payton Place Industries, Inc., is a manufacturer of steel products for customers such as House Depot and Private Motors. In the year ended December 31, 2013, it reported the following activities:
Proceeds from sole of property, plant, and equipment Decrease in accounts receivable Proceeds from notes payable (bank)

Required:
1. Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement.
2. Referring to your response to requirement 1, comment on whether you think Payton's cash flows are typical of a healthy or a struggling company?

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Related Book For  book-img-for-question

Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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