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    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Presented below are selected financial statement items for Linus Corporation for December 31, 2007.

    Inventory $ 25,732
    Cash paid to suppliers 107,497
    Building 201,154
    Common stock 48,419
    Cash dividends paid 8,155
    Cash paid to purchase equipment 13,820
    Equipment 37,387
    Revenues 107,666
    Cash received from customers 137,446
    Cash received from issuing common stock 22,734

    Determine which items should be included in a statement of cash flows, and then complete the statement of cash flows for Linus Corporation. (List multiple activities with a positive cash flow first, then in order of magnitude. Show all numbers as positive and subtract as necessary to arrive at the answers.)

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    Attached is an image of the template for the cash statement.

    The drop down menus for "Cash flows from operating activities," "Cash flows from investing activities," and "Cash flows from financing activities," list the following:

    Building
    Revenues
    Cash Paid to Purchase Equipment
    Cash Paid to Suppliers
    Cash Dividends Paid
    Cash Received From Issuing Stock
    Inventory
    Equipment
    Cash Received From Customers
    Common Stock

    "Net Cash" drop down menus have:

    Used
    Provided

    "Net in Cash" has

    Increase
    Decrease

    © BrainMass Inc. brainmass.com September 26, 2022, 9:27 pm ad1c9bdddf
    https://brainmass.com/business/statement-of-cash-flows/linus-corporation-statement-cash-flows-226370

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    SOLUTION This solution is FREE courtesy of BrainMass!

    Presented below are selected financial statement items for Linus Corporation for December 31, 2007.

    Inventory $ 25,732
    Cash paid to suppliers 107,497
    Building 201,154
    Common stock 48,419
    Cash dividends paid 8,155
    Cash paid to purchase equipment 13,820
    Equipment 37,387
    Revenues 107,666
    Cash received from customers 137,446
    Cash received from issuing common stock 22,734

    Determine which items should be included in a statement of cash flows, and then complete the statement of cash flows for Linus Corporation. (List multiple activities with a positive cash flow first, then in order of magnitude. Show all numbers as positive and subtract as necessary to arrive at the answers.)

    ----------------------

    Attached is an image of the template for the cash statement.

    The drop down menus for "Cash flows from operating activities," "Cash flows from investing activities," and "Cash flows from financing activities," list the following:

    Building
    Revenues
    Cash Paid to Purchase Equipment
    Cash Paid to Suppliers
    Cash Dividends Paid
    Cash Received From Issuing Stock
    Inventory
    Equipment
    Cash Received From Customers
    Common Stock

    "Net Cash" drop down menus have:

    Used
    Provided

    "Net in Cash" has

    Increase
    Decrease

    LINUS CORPORATION
    Statement of Cash Flows
    For the year ended December 31, 2007

    Cash flows from operating activities:
    Cash Received From Customers 137,446
    Cash Paid to Suppliers (107,497)
    Net cash Provided by operating activities 29,949
    Cash flows from investing activities:
    Cash Paid to Purchase Equipment (13,820)
    Net cash Used by investing activities (13,820)
    Cash flows from financing activities:
    Cash Received From Issuing Stock 22,734
    Cash Dividends Paid ( 8,155)
    Net cash Provided by financing activities 14,579
    Net Increase in cash 30,708

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    © BrainMass Inc. brainmass.com September 26, 2022, 9:27 pm ad1c9bdddf>
    https://brainmass.com/business/statement-of-cash-flows/linus-corporation-statement-cash-flows-226370

    Attachments

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