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ACC305 Wk 2 E4-16 - Bluebonnet Bakers


ACC305 Wk 2 E4-16 - Bluebonnet Bakers fin571

Marketplace > Kaplan University > fin571 > ACC305 Wk 2 E4 16 Bluebonnet Bakers

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ACC305 Wk 2 E4-16 - Bluebonnet Bakers
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This 0 page Study Guide was uploaded by an elite notetaker on Monday November 9, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 22 views.


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Date Created: 11/09/15
E416 Bluebonnet Bakers Required Prepare a statement of cash ows for 2011 for Bluebonnet Bakers Use the direct method for reporting operating activities Exercise 416 Bluebonnet Bakers Statement of Cash Flows For the Year Ended December 31 2011 Cash o W5 from operating activities Collections from customers 380000 Interest on note receivable 6000 Purchase of inventory 160000 Interest on note payable 5000 Payment of salaries 90000 Net cash ows from operating activities 131000 Cash ows from in vesting activities Collection of note receivable 50000 Sale of investments 30000 Purchase of equipment 85000 Net cash ows from investing activities 5000 Cash ows from nancing activities Proceeds from note payable 100000 Payment of note payable 25000 Payment of dividends 20000 Net cash ows from nancing activities 55000 Net increase in cash 181000 Cash and cash equivalents January 1 17000 Cash and cash equivalents December 31 198000


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