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Category > Business & Finance Posted 02 Jun 2017 My Price 4.00

Prepare the investing activities section of Sprinkle Doughnuts’ statement of cash flows

E8-22A (Learning Objective 5: Prepare and use the statement of cash flows) During fiscal year 2012, Sprinkle Doughnuts reported a net income of $134.9 million. Sprinkle received $1.3 million from the sale of other businesses. Sprinkle made capital expenditures of $10.1 million and sold property, plant, and equipment for $7.0 million. The company purchased long-term investments at a cost of $11.6 million and sold other long-term investments for $2.3 million.

â–¶ Requirement

1. Prepare the investing activities section of Sprinkle Doughnuts’ statement of cash flows. Based solely on Sprinkle Doughnuts’ investing activities, does it appear that the company is growing or shrinking? How can you tell?

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Alpha Geek
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Status NEW Posted 02 Jun 2017 08:06 AM My Price 4.00

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file 1496393095-Answer.docx preview (135 words )
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