The current sections of Kitselton Inc.s balance sheets at December 31, 2009 and 2010, are presented here.
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Instructions
Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31, 2010, using the indirectmethod.
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2010 2009 Current assets Cash Accounts reccivable Inventory Prepaid expenses $105,000 99,000 89,000 172,000 22,000 100,000 168,000 27,000 Total current assets $400,000382,000 Current liabilitics Accrued expenses payable 15,000 5,000 92,000 Accounts payable Total current liabilities 85,000 $100,000 97,000
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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