Consider three independent cases for the cash flows of Texas Tires Corp. For each case, identify from
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Case A Case B Case C Cash flows from operating activities: S 14,000 S 14,000 14,000 Net income Depreciation and amortization Increase in current assets Decrease in current liabilities 17,00017,000 17,000 (1,000)7,000 (3,000) (3,000 (27,000) 4,000) 27,0003,000) 24,000 Cash flows from investing activities: Acquisition of plant assets Sales of plant assets (141,000) (141,000) (141,000) 148,000 28,000 47,000 (113,00 7,0001 (94,000) Cash flows from financing activities: Issuance of stock 26,000149,000 104,000 (38,000)(28,000)(45,000) (12,000)121,00059,000 22,000 5,000 (11,000) Payment of debt Net increase (decrease) in cash
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Case A The sale of plant assets generated the cash needed to acquire new plant assets O...View the full answer
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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