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Linus Corporation

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

Attachments

Solution Preview

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 ...

Solution Summary

This solution is comprised of a detailed explanation to determine which items should be included in a statement of cash flows, and then complete the statement of cash flows for Linus Corporation.

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