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Which line item on the cash flow statement increased the most for Scenic Industries in the financing section? Statement of Cash Flows For Year Ended
Which line item on the cash flow statement increased the most for Scenic Industries in the financing section?
Statement of Cash Flows | ||||
For Year Ended December 31, 2013 | ||||
Cash flows from operating activities: | ||||
Net income | $ 183,000 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||
Depreciation expense | 4,900 | |||
Gain on Sale of Equipment | (4,400) | |||
Increase in Accounts Receivable | (3,000) | |||
Decrease in Inventory | 7,300 | |||
Increase in Prepaid Insurance | (500) | |||
Decrease in Accounts Payable | (3,300) | |||
Decrease in Salaries Payable | (4,500) | |||
Increase in Interest Paid | 2,400 | |||
Increase in Taxes Paid | 5,300 | |||
Decrease in Other accrued operating expenses | (3,300) | 900 | ||
Net cash provided by operating activities | $ 183,900 | |||
Cash flows from investing activities: | ||||
Proceeds from sale of Equipment | 15,100 | |||
Purchase of Equipment | (29,700) | |||
Purchase of Long-Term Investments | (113,000) | |||
Net cash used for investing activities | $ (127,600) | |||
Cash flows from financing activities: | ||||
Payment of Dividends | (24,800) | |||
Repayment of Bonds Payable | (35,000) | |||
Proceeds from Issuance of Common Stock | 30,000 | |||
Net cash used for financing activities | (29,800) | |||
Net Increase in Cash | 26,500 | |||
Cash Balance, December 31, 2012 | 23,500 | |||
Cash balance, December 31, 2013 | $ 50,000 | |||
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