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Textbook solutions does not show the Statement of Cash Flows for the Master Budget on Chapter 8 Question 62 of Cost Accounting Foundation and Evolutions
Textbook solutions does not show the Statement of Cash Flows for the Master Budget on Chapter 8 Question 62 of Cost Accounting Foundation and Evolutions by Kinney & Raiborn. Please help what all should be on the Operating, Investing, & Financing?
Net Income | 82237 | |
Depreciation | 7150 | |
Increase in net Accounts Rec | -39500 | |
Increase in Total Inventory | -826 | |
Increase in income taxes payable | 44282 | |
Increase in accured interest payable | 451 | |
Increase in Accounts Payable | 3499 | |
Net Cash inflow from operating activities | 97293 | |
Investing Purchase of Equipment | -9000 | |
Short-term investment | 55300 | |
Net cash outflow from investing activites | -64300 | |
Financing Activities Dividends Paid | -10000 | |
Net Cash outflow from financing activites | -10000 | |
Net Decrease in cash | -58 | |
Beginning balance of cash 1/1/14 | 5080 | |
Ending balance of cash 3/31/14 | 5022 |
This is what I have so far, but it does not match up.
Please help!
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