=+EX 16-16 Cash flows from operating activities—

indirect method obj. 2

✔ Net cash flow from operating activities, $3,048 The comparative balance sheet of Tru-Built Construction Inc. for December 31, 2010 and 2009, is as follows:

Dec. 31, 2010 Dec. 31, 2009 Assets Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 98 $ 32 Accounts receivable (net). . . . . . . . . . . . . . . . . . . . 56 40 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 22 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 90 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 35 Accumulated depreciation—equipment . . . . . . . . . . (12) (6) ____ ____ Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $302 $213 ____ ____ ____ ____ Liabilities and Stockholders’ Equity Accounts payable (merchandise creditors) . . . . . . . . $ 35 $ 32 Dividends payable . . . . . . . . . . . . . . . . . . . . . . . . . 6 —

Common stock, $1 par. . . . . . . . . . . . . . . . . . . . . . 20 10 Paid-in capital in excess of par—common stock . . . . 50 25 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . 191 146 ____ ____ Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $302 $213 ____ ____ ____ ____