Chapter 23 Homework - C hapter 23 Statement of Cash Flows...

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Chapter 23: Statement of Cash Flows Tiffany Watt Homework April 18, 2011 AC 302 – 01 Exercises E23-1 (a) Investing (b) Financing (c) Investing (d) Operating – add to net income (e) Significant noncash investing and financing (f) Financing (g) Operating – add to net income (h) Financing (i) Significant noncash investing and financing (j) Financing (k) Operating – deduct from net income (l) Operating – add to net income E23-3 VINCE GILL COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2008 INCREASE (DECREASE) IN CASH Cash flows from operating activities Net income $1,050,0 00 Adjustments to reconcile net income to net cash provided by operating activities: Decrease in accounts receivable $360,0 00 Increase in prepaid expenses (170,00 0) Decrease in accounts payable (275,00 0) Decrease in accrued expenses payable (100,00 0) Depreciation expense 60,000 Decrease in inventory 300,00 0 175,000 Net cash provided by operating activities $1,225,0 00
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Chapter 23 Homework - C hapter 23 Statement of Cash Flows...

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