statement of cash flows - Running head: CHECKPOINT:...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Running head: CHECKPOINT: PREPARING A STATEMENT OF CASH FLOWS 1 Checkpoint: Preparing a Statement of Cash Flows Nikki Vergets Acc/230 7/2/2011 Connie Poynter
Background image of page 1

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

View Full DocumentRight Arrow Icon
CHECKPOINT: PREPARING A STATEMENT OF CASH FLOWS 2 Checkpoint: Preparing a Statement of Cash Flows Little Bit, Inc. Statement of Cash Flows For Year Ended 12/31/09 Cash Flow from Operating Activities: Net income 5,500 Deprecition 18,000 Adjustments for working capital: Interest exspense 2,000 Accounts Recieveable (increase) (6,500) Inventories (increase) (8,500) Prepaid expenses (increase) (4,000) Accounts Payable (increase) 2,000 Deferred Tax Liability (decrease) 500 Accured liabilities (decrease) (16,000) Cash Flow from investing Activities: Purchase of plant and equipment (6,000) Purchase of Investments (1,000) Net cash used (7,000) Cash flows from financing activities: Common stock issued 15,000 Long term debt 17,000 Net cash generated (financing activities) 32,000 Net increase in cash and equivalents 16,000 Cash at the beginning of period
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/12/2011 for the course ACC 230 acc 230 taught by Professor Connie during the Spring '11 term at University of Phoenix.

Page1 / 3

statement of cash flows - Running head: CHECKPOINT:...

This preview shows document pages 1 - 3. Sign up to view the full document.

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