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

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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
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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 24,000 Cash at the end of period 40,000 Analysis: From what I can see it looks like Little Bit inc. was not able to make enough cash from
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