Self-study_-_Chapter_12 - MGT120 Self- Study Problems...

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MGT120 Self- Study Problems Chapter 12 (15-20 min.) E 12-5 Cash flows from operating activities: Net income……………………………………. . $80,000 Adjustments to reconcile net income to net cash provided by operating activities: Amortization………………………………. $ 7,000 Decrease in accounts receivable……. .. 6,000 Increase in inventory……………………. (3,000) Increase in accounts payable…………. 4,000 Decrease in accrued liabilities………… (4,000 ) 10,000 Net cash provided by operating activities………………………………………… $90,000 B.C. Products Inc. shows no sign of trouble collecting receivables or selling inventory. There is no large build- up in either account. The balance in Accounts Receivable has decreased, and the increase of $3,000 in inventory is not material given that sales are $600,000.
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(20-30 min.) E 12-6 Req. 1 Kelowna Hardware Inc. Cash Flow Statement For the Year Ended June 30, 2008 Cash flows from operating activities: Net income…………………………………………. .. $146,000 Adjustments to reconcile net income to net cash provided by operating activities: Amortization……………………………………. ..$ 55,000 Decrease in accounts receivable……………. 12,000
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This note was uploaded on 01/16/2011 for the course MGT 120 taught by Professor Zuliani during the Winter '08 term at University of Toronto- Toronto.

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Self-study_-_Chapter_12 - MGT120 Self- Study Problems...

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