Question: Selected data from the statement of cash flows for Jackson Corporation for the years ended October 31, 2008, 2007, and 2006 appear as follows (amounts
Selected data from the statement of cash flows for Jackson Corporation for the years ended October 31, 2008, 2007, and 2006 appear as follows (amounts millions)
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Prepare a statement of cash flows for Jackson Corporation for each of the three years 2008.2007, and 2006 using the format in Exhibit 1.3. Set cash flow from operations equal to revenues providing cash minus expenses using cash. The balance in cash at October 31, 2005, was $102million.
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2007 2008 2006 Inflows of Cash Proceeds from Long-Term Borrowings... Revenues from Operations Increasing Cash Issue of Common Stock.... S 836 $ 5,096 $ 3,190 19,536 17,233 19,083 67 37 Sale of Praperty, Plant, and Equipment 332 401 220 Other Investing Transactions 71 268 Total Inflows $20,842 $24,617 $20,914 Outflows of Cash Acquisition of Property, Plant, and Equipment. $ 3,678 $ 3,540 $ 1,881 Expenses for Operations Decreasing Cash 18,541 18,344 16,394 Repayments of Long-Term Debt .... 766 922 687 Other Investing Activities 1,501 $24,604 Total Outflows $20,838 $20,912
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