Team A Wk 5 HW - to net cash provided by operating...

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WEEK 5 TEAM PROBLEMS TEAM A: PAMELA HUGHES, JADE JOHNSON, SHARON NICHOLSON, VIOLET STEWART DECEMBER 6, 2011 ACC281: FINANCIAL ACCOUNTING TRANSACTION ANALYSIS TODD TRUAX PROBLEM P14-5A Grania Company Statement of Cash Flow December 31, 2008 Operating Activities Net Income $230,000  Adjustment to reconcile net income
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Unformatted text preview: to net cash provided by operating activities Depreciation Expense 60,000 Loss on Sale of Equipment 16,000 Increase in Accounts Payable 13,000 Increase in Income Tax Payable 4,000 Increase in Accounts Receivable-15,000 78,000 Net cash provided by Op. Activities $308,000...
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