P14-5A - 16,000 Increase in accounts receivable.

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
GRANIA COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2008 Cash flows from operating activities Net income. .................................................................................... $230,000 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense. .......................................................... $ 60,000 Loss on sale of equipment. ...................................................
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 16,000 Increase in accounts receivable. ........................................... (15,000) Increase in accounts payable. ............................................... 13,000 Increase in income taxes payable. ........................................ 4,000 78,000 Net cash provided by operating activities. ............................... $308,000...
View Full Document

This note was uploaded on 03/01/2012 for the course ACC all taught by Professor All during the Spring '12 term at University of Phoenix.

Ask a homework question - tutors are online