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    Income Statement and Cash Flow Calculations

    Need to complete problem 2-8 (only complete part one) and problem 2-9 of the exercise.

    See attached file for full problem description.

    Exercise 2-8 Prepare an income statement for the year ended December 31, 2006 (Assume that 7,500 shares of stock are outstanding.)
    Explain what the EPS ratio tells the reader about Beckstrom Corporation

    Exercise 2-9 Cash Flow Computations
    From the following selected data, compute:
    1. Net cash flow provided (used) by operating activities.
    2. Net cash flow provided (used) by investing activities.
    3. Net cash flow provided (used) by financing activities.
    4. Net increase (decrease) in cash during the year.
    5. The cash balance at the end of the year.

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    https://brainmass.com/business/income-statement/income-statement-and-cash-flow-calculations-100197

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    Exercise 2-8 Prepare an income statement for the year ended December 31, 2006 (Assume that 7,500 shares of stock are outstanding.)
    Explain what the EPS ratio tells the reader about Beckstrom Corporation

    Income Statement
    Beckstrom Corporation
    For the Year Ended December 31, 2006

    Revenue 384,000
    Less: Selling and Administrative Expenses
    Advertising Expense 15,000
    Supplies Expense 46,000
    Rent Expense 10,000
    Utilities Expense ...

    Solution Summary

    This solution is comprised of a detailed explanation to prepare an income statement for the year ended December 31, 2006 and compute:
    1. Net cash flow provided (used) by operating activities.
    2. Net cash flow provided (used) by investing activities.
    3. Net cash flow provided (used) by financing activities.
    4. Net increase (decrease) in cash during the year.
    5. The cash balance at the end of the year.

    $2.49

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