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Prepare cash flow statement showing operating

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Reference no: EM132545091

Accountants for Creve Coeur Manufacturing have assembled the following data for the year ended December 31,2006

December 31

                                                              2005                                      2006

Current assets:

Cash and cash equivalents Rs.            30600                      Rs.33800

Accounts receivable                          70100                             73700

Inventories                                       90600                           96500

Prepaid expenses                                   3200                         2100

Current liabilities:

Note payable                                         Rs.36300                   36800

Accounts Payable                                   72100                         67500

Income tax payable                                   5900                         6800

Accrued liabilities                                    28300                          23200

Transactions data for 2006:

Acquisition of long term investment----------------------------------------Rs.44800

Acquisition of building by issuing long-term note payable-----------------162,000

Stock dividend--------------------------------------------------------------------12600

Collection of loan-----------------------------------------------------------------10300

Depreciation expense--------------------------------------------------------------19200

Acquisition of equipment---------------------------------------------------------69,000

Payment of long-term debts by issuing common stock k----------------------89400

Sale of long-term investment---------------------------------------------------12200

Amortization expense-----------------------------------------------------------1100

Payment of long-term debt-----------------------------------------------------47800

Gain on sale of investment----------------------------------------------------- 3500

Payment of cash dividends-------------------------------------------------------48300

Issuance of long-term debt to borrow cash-------------------------------------21000

Net income-------------------------------------------------------------------------92500

Issuance of preferred stock for cash--------------------------------------------36200

Required:

Question 1: Prepare cash flow statement showing operating, investing and financing activities under indirect method

Reference no: EM132545091

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