Siam Traders had Net Income for 2018 of $9,500,000. The firm invested $1,000,000 in manufacturing equipment during 2018. The equipment is being depreciated over five years using straight-line depreciation, starting in 2018. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2018 with amounts in thousands.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
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Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 41E: Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets...
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Siam Traders had Net Income for 2018 of $9,500,000.

The firm invested $1,000,000 in manufacturing equipment during 2018.
The equipment is being depreciated over five years using straight-line depreciation, starting in 2018.

Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2018 with amounts in thousands.

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