Identify any weaknesses revealed by the statement of cash flows of Massachusetts Chowder Distributors,Inc. Massachusetts Chowder Distributors,
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Massachusetts Chowder Distributors, Inc. Statement of Cash Flows For the Current Year Operating activities: $ 77,000 Income from operati Add (subtract) noncash items: Depreciation Net increase in current assets other than cash Net decrease in current liabilities $ 30,000 (61,000) exclusive of short-term debt Net cash provided by operating activiti (22.000)(53,000) 24,000 es. Investing activities: Sale of property, plant, and equipmen 126,000 Financing activities: Issuance of bonds payable Payment of short-term debt Payment of long-term debt Payment of divi $ 99,000 (166,000) (90,000) 50 Net cash used for financing activities (207.000) S (57,000) Increase (decrease) in cash
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Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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