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Intermediate Accounting Assignment Cash Flow

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Minnie's Movers Inc. Statement of Cash flows - Direct Method For the year ended December 31, 2017 Cash flows from Operating Activities Cash collected from customers 937,000 Cash paid for purchases (436,500) Cash paid for taxes (107,500) Cash paid for operating expenses (184,500) Cash paid for interest (2,000) Cash received from dividends revenue 3,000 Cash received from interest revenue 1,500 Cash paid for insurance (2,000) Net cash flow from operating activities Cash flow from investing Activities Proceeds from sale of equipement 5,000 Net cash flow from investing activities Cash flow from Financing Activities Proceeds from note payable 209,000 5,000 5,000 Net cash flow from financing actitivies Net increase in cash Add: cash balance at beginning Cash balance at year end 5,000 219,000 130,000 349,000 INDIRECT METHOD Minnie's Movers Inc. Statement of Cash flows (Partial) For the ...
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