Identify any weaknesses revealed by the statement of cash flows of California Oranges,Inc. A1 California Oranges, Inc.
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A1 California Oranges, Inc. Statement of Cash Flows For the Current Year 2Operating activities: Net income Add (subtract] noncash items: Depreciation S 104,000 4 5 6 32,000 (65,000) Net increase in current assets other than cash Net decrease in current liabilities exclusive of short-term debt (44.000(77000 27,000 Net cash provided by operating activities 11 Investing activities: 12 Sale of property, plant, and equipment 151,000 13 14 Financing activities: Issuance of bonds payable Payment of short-term debt 110,000 186,000) 101,000) (56,000 17 Payment of long-term debt 18 Payment of dividends Net cash used for financing activities (233,000 S (55,000) 20 Increase (decrease) in cash
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Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
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