Selected financial information follows for Maison

Corporation for the year #8445

Selected financial information follows for Maison Corporation for the year

Selected financial information follows for Maison Corporation for the year ended December 31,
2012:

Cash, Jan. 1.....................................................................$ 12,000

Cash dividends paid..............................................................10,000

Cash paid to purchase equipment..............................................35,000

Cash paid to suppliers.........................................................120,000

Cash received from customers...............................................140,000

Cash received from issue of long-term debt.................................20,000

Cash received from issue of shares............................................20,000

Instructions

(a) Prepare a statement of cash flows for Maison Corporation for the year.

(b) Comment on the adequacy of cash provided by operating activities to fund the company's
investing activities and dividend payments.

Selected financial information follows for Maison Corporation for the year

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