acc305_wk_2_e4_16___bluebonnet

Apr 17th, 2015
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Hi there.This document contains A+ work for the course ACC 305.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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E4-16 - Bluebonnet BakersRequired:Prepare a statement of cash flows for 2011 for Bluebonnet Bakers. Use the direct method for reporting operating activities.Exercise 4-16Bluebonnet BakersStatement of Cash FlowsFor the Year Ended December 31, 2011Cash flows from operating activities:Collections from customers$ 380,000Interest on note receivable 6,000Purchase of inventory (160,000)Interest on note payable (5,000)Payment of salaries (90,000) Net cash flows from operating activities$131,000Cash flows from investing activities:Collection of note receivable 50

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