Reference no: EM133111575
Question - In 2013, the management committee of Austin Industries Inc. would like to invest $75,000 in property, plant, and equipment. The board of directors would like to approve the decision, but first, they must find out how much cash will be generated by the operations in 2013. The members of the board also have the option of raising more funds from the shareholders and increasing their long-term borrowings.
From the information shown on Austin Industries Inc.'s 2013 projected statement of financial position, identify the cash inflows and the cash outflows for the year 2013.
In 2013, the management of Austin Industries Inc. expects to generate $38,000 in profit. The board of directors will pay $10,000 in dividends to the shareholders.
Required - Prepare the following statements:
1. The adjustments in the non-cash working capital accounts statement for 2013.
2. The statement of cash flows for 2013.
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