Identify any weak-nesses revelaed by the statement of cash flows of beck with Orchards, Inc. Beckwith Orchards,
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Beckwith Orchards, Inc. Statement of Cash Flows For the Current Year Operating activities: Net income Add (subtract) adjustments to reconcile net income to net cash provided by operating activities $ 72,100 Depreciation Net increase in current assets other than cash 11,250 (53,500) Net decrease in current liabilities exclusive of short-term debt (19,750)(62,000) 10,100 Net cash provided by operating actvites Investing activities: Sale of property, plant, and equipment 124,200 124,200 Net cash provided by investing activities Financing activities: Issuance of bonds payable Payment of short-term debt Payment of long-term debt Payment of dividends 117,050 (180,525) (89,025) 9,500 192 Net cash used for financing activities Increase (decrease) in cash
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Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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