162 MODEL AVIATION
THE STATEMENTS
OF CASH FLOWS
presents the Statements
of Financial Position
and Statements of
Activities converted to
cash transactions.
Under Operating
Activities, the first line
increase (decrease) in
net assets represents an
excess of expenses over income for 2005 of ($483,860). The year
2004 shows an excess of income over expense of $396,550. At the
middle of the statement, the line Net Cash Provided by Operating
Activities indicates the cash generated in excess of expense.
Investing Activities and Financing Activities present details of
those transactions. AMA invested all the excess cash generated by
operations and reinvested funds generated by sales of other assets.
I’ll leave you with this thought: tolerance is the oil which takes the
friction out of life.
A-B-C: Always Be Courteous.
Until later …
Doug Holland
3517 Fernwood Dr.
Raleigh NC 27612
Home: (919) 878-5163
Work: (919) 787-7454
Executive Vice President
Doug Holland; [email protected]
Edition: Model Aviation - 2006/09
Page Numbers: 162
