Paper Topic:
Chapter 14
"P14-2A "a "Retained earnings , beg "260000 "Stock dividend "-20000 "cash dividend "-15000 "subtotal "225000 "Retained earnings , end "-300000 "Net Income "-75000 "Cash inflow "from the issue o stock was "10500 "Cash outflow "for dividend was "15000 "The issue of common stock would be classified as "financing "The payment of dividends would be classified as "financing "BYP14-6 "sales of merchandise "380000 "sale of capital stock "420000 "sale of investment "80000 "depreciation "55000 "issuance of note for truck "20000 "interest on investments "6000 "961000 "purchase of furnitures and equipments "330000 "merchandise purchased for resale "258000 "operating expenses (including depreciation "160000 "purchase of
equipments "75000 "purchase of truck by issuance of note "20000 "purchase of treasury stock "10000 "interest on notes payable "3000 "856000 "105000 "CARPINO COMPANY " Statement of Cash Flows " For the Year Ended January 31 , 2008 "Cash flows from operating activities "Cash flows from operating activities "Depreciation Expense "55000 "sales of merchandise "380000 "interest on investments "6000 "merchandise purchased for resale "-258000 "operating expenses "-160000 "interest on notes payable "-3000 "Net cash provided by operating activities "20000 "Cash flows from investing activities "sale of investment "80000 "purchase of furnitures and equipments "-330000 "purchase of equipments "-75000 "issuance of note for truck "20000 "purchase of truck by issuance of note "-20000 "Net cash used by investing activities "-325000 "Cash flows from financing activities "sale of capital stock "420000 "purchase of treasury stock "-10000 "Net cash provided by financing activities "410000 "Net increase in cash for the year "105000 "Cash , Beginning "140000 "Cash...
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