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STATEMENT OF CASH FLOWS:  REPORTING THE EFFECTS OF OPERATING, INVESTING, AND FINANCING ACTIVITIES ON CASH FLOWS   T4-X

4.16(Green Mountain Coffee Roasters; preparing a columnar work sheet for a statement of cash flows from changes in balance sheet accounts.)  (Amounts in Thousands)

a.

Balance

Sheet

ChangesOperationsInvestingFinancing

(Increases) Decreases

in Assets

Accounts Receivable$(2,231)$(2,231)

Inventories5959

Prepayments475475

Property, Plant and Equip-

ment (at Cost)(2,129)$2,468a

(4,597)

Accumulated Depreciation1,0382,968(1,930)a

Other Noncurrent Assets(434)(434)

Increases (Decreases) in

Liabilities and Share-

holders’ Equity

Accounts Payable1,5741,574

Other Current Liabilities560560

Bonds Payable2,827$5,567

(2,740)

Common Stock(5,878)(5,878)

Retained Earnings4,2134,213

Increase (Decrease) in

Cash$74$7,184$(4,059)$(3,051)

aCash proceeds of sale are $538 thousand (= $2,468 – $1,930).

b.Cash flow from operations approximately equaled net income plus depreciation.  Accounts receivable increased during the year.  The firm appeared to increase accounts payable to finance the buildup in accounts receivable.  Cash flow from operations was

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