PLEASE DO NOT SOLICIT The financial statements of Pouchie Co. included...
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Accounting
PLEASE DO NOT SOLICIT
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010 (amounts in millions):
Depreciation and amortization expense
$
269
Cash dividends declared and paid
312
Purchase of equipment
820
Net income
370
Beginning cash balance
137
Proceeds of common stock issued
170
Proceeds from sale of building (at book value)
213
Accounts receivable increase
9
Ending cash balance
114
Inventory decrease
30
Accounts payable increase
66
I
Required:
Complete the following statement of cash flows, using the indirect method. (Enter your answers in millions. Amounts to be deducted and negative net cash amount should be indicated with minus sign. Omit the "$" sign in your response):
POUCHIE CO. Statement of Cash Flows For the Year Ended December 31, 2010
Cash flows from operating activities:
(in millions)
Net income
$
370
Add (deduct) items not affecting cash:
Net cash provided (used) by operating activities
$
Cash flows from investing activities:
Net cash provided (used) by investing activities
$
Cash flows from financing activities:
Net cash provided (used) by financing activities
$
Net in cash for the year
$
Cash balance, January 1, 2010
137
Cash balance, December 31, 2010
$
114
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