Consider three independent cases for the cash flows of Klein Merchandising Corp. For each case, identify from
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Case A Case Case C Cash flows from operating activities: Net income Depreciation and amortization Increase in current assets Decrease in current liabilities S 25,000 25,000 25,000 1,000 11,000 (2,000) (14,000)(27000) 5,000)(1,000(12000 29,000 11,000 21,000 (3,000) Cash flows from investing activities Acquisition of plant assets Sales of plant assets (102,000)(102,000)102,000) 11,000 (91,000) 46,000 (56,000) 111,000 9,000 Cash flows from financing activities: Issuance of stock Payment of debt 76,000 47,000)(28,000)(27.000) 29,000(10,000)92,000 18,000 119,000 Net increase (decrease) in cash
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Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
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