The cash flow data of Palomba Pizza Stores for the year ended December 31, 2009, are as follows: Cash payment of dividends $35,000 Purchase of land 14,000 Cash payments for interest 10,000 Cash payments for salaries 45,000 Sale of equipment 38,000 Retirement of common stock 25,000 Purchase of equipment 30,000 Cash payments to suppliers 85,000 Cash collections from customers 250,000 Cash at beginning of year 50,000 Prepare a statement of cash flows for Palomba showing: a. Net cash provided by operating activities. b. Net cash provided by or used in investing activities. c. Net cash provided by or used in financing activities
The cash flow data of Palomba Pizza Stores for the year ended December 31, 2009, are as follows: Cash payment of dividends $35,000 Purchase of land 14,000 Cash payments for interest 10,000 Cash payments for salaries 45,000 Sale of equipment 38,000 Retirement of common stock 25,000 Purchase of equipment 30,000 Cash payments to suppliers 85,000 Cash collections from customers 250,000 Cash at beginning of year 50,000 Prepare a statement of cash flows for Palomba showing: a. Net cash provided by operating activities. b. Net cash provided by or used in investing activities. c. Net cash provided by or used in financing activities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The cash flow data of Palomba Pizza Stores for the year ended December 31, 2009, are as follows:
Cash payment of dividends $35,000
Purchase of land 14,000
Cash payments for interest 10,000
Cash payments for salaries 45,000
Sale of equipment 38,000
Retirement of common stock 25,000
Purchase of equipment 30,000
Cash payments to suppliers 85,000
Cash collections from customers 250,000
Cash at beginning of year 50,000
Prepare a statement of
a. Net cash provided by operating activities.
b. Net cash provided by or used in investing activities.
c. Net cash provided by or used in financing activities
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