Carpino Company Statement of Cash Flows
Team C-April Thomas, Twila McClung, Sabihah Shakur, Jeff Howard
ACC/537
May 10, 2010
Rebecca Kime
CARPINO COMPANY |
Statement of Cash Flows |
For Year Ended January 31, 2007 |
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Cash Flows from Operating Activities: | | | | |
| Net Income | | | | $ (36,000) | |
| Adjustments to reconcile net income to net cash | | | | |
| provided by operating activities: | | | | |
| | Depreciation Expense | $ 55,000 | | | |
| | Gain on Sale of Investments | $ (5,000) | | | |
| | Decrease in Interest Receivable | $ 6,000 | | | |
| | Decrease in Interest Payable | $ (3,000) | | | |
| | | | | | | $ 53,000 | |
| | | Net Cash provided by Operating Activities | | $ 17,000 | |
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Cash Flows from Investing Activities: | | | | |
| Purchase of Investments | $ (75,000) | | | |
| Purchase of Fixtures & Equipment | $ (330,000) | | | |
| Sale of Investments | $ 80,000 | | | |
| | | Net Cash used by Investing Activities | | | $ (325,000) | |
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Cash Flows from Financing Activities: | | | | |
| Issuance of Capital Stock | $ 420,000 | | | |
| Purchase of Treasury Stock | $ (10,000) | | | |
| | | Net Cash provided by Financing Activities | | $ 410,000 | |
Net Increase in Cash | | | | $ 102,000 | |
Cash at Beginning of Period | | | $ 140,000 | |
Cash at End of Period | | | | $ 242,000 | |
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Noncash Investing and Financing Activities | | | | |
| Issuance of Note Payable to purchase Truck | | | $ 20,000 | |
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