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Date Posted: 09:33:40 01/23/03 Thu
Author: Zach Polun
Subject: Problem 7 chapt 3 page 108

I'm begining to give the cash flows a try and I think I have the main idea but I seem to have an error some where. Is there anywhere that has the solutions solved for us? Anyway this is what I have so far


Cash flow from operations

Net Income 26,000
Depreciation 2,000
Accts Rec. (4,000)
Accts Pay (2,000)
Inventory (2,000)
-------------------
Cash flow from operations is 16,000


Cash flow from investing

Gross fix assets (Change in net fixed assets + depreciation)=(15,000)

Cash Flow from Financing

Notes payable 3,000
payment of LT debt 8,000
payment of Div (Net Income-change in R.E.) (18,000)
Issuence of stock 15,000
--------------------------
8,000

so,
16,000
(15,000)
8,000
-------
= 9,000
but cash should be 13,000 (differece of cash from 1999 and 1998)
where did I go wrong?

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