The 2016 income statement and the 2016 comparative balance sheet of T-Bar-M Camp, Inc., have just been
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1. Prepare a statement of cash flows for 2016 in the format that best shows the relationship between net income and operating cash flow. The company sold no plant assets or long-term investments and issued no notes payable during 2016. There were no noncash investing and financing transactions during the year. Show all amounts in thousands.
2. Answer the board members' question: Why is the cash balance so low? Point out the two largest cash payments during 2016.
3. Considering net income and the company's cash flows during 2016, was it a good year or a bad year? Give your reasons.
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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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