Checkpoint Due - Checkpoint Due 4.5 The following...

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Checkpoint Due 4.5. The following comparative balance sheets and income statement are available for Little Bit Inc. Prepare a statement of cash flows for 2009 using the indirect method and analyze the statement. December 31, 2009 2008 Cash $40,000 $24,000 Accounts receivable (net) 48,000 41,500 Inventory 43,000 34,500 Prepaid expenses 19,000 15,000 Total Current Assets $150,000 $115,000 Plant and equipment $67,000 $61,000 Less accumulated depreciation (41,000) (23,000) Plant and equipment (net) $26,000 $38,000 Long-term investments 90,000 89,000 Total Assets $266,000 $242,000 Accounts payable $13,000 $11,000
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This note was uploaded on 01/05/2012 for the course 101 melissa jo taught by Professor Acc101 during the Spring '11 term at Aarhus Universitet.

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Checkpoint Due - Checkpoint Due 4.5 The following...

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