Week 11 class 1

Week 11 class 1 - Week 11 class 1 Req. 1 (45-60 min.) P...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Week 11 class 1 Req. 1 (45-60 min.) P 12-10A Brandon Specialty Chairs Ltd. Cash Flow Statement For the Year Ended September 30, 2006 Cash flows from operating activities: Net income $ 56,900 Adjustments to reconcile net income to net cash provided by operating activities: Amortization $ 8,500 Gain on sale of land.. (10,900) Decrease in accounts receivable.. 2,100 Increase in interest receivable.. (1,300) Increase in inventories (4,800) Decrease in prepaid expenses.. 700 Decrease in accounts payable.. (8,500) Decrease in income tax payable (2,800) Decrease in accrued liabilities... (11,200) Increase in interest payable 1,300 Increase in salary payable .. 400 (26,500 ) Net cash provided by operating activities.. 30,400 Cash flows from investing activities: Sale of land $ 38,100...
View Full Document

Page1 / 5

Week 11 class 1 - Week 11 class 1 Req. 1 (45-60 min.) P...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online