CASH FLOW ACC 230 WK 5 4.5 littlebit Inc.,
ACC 230 WK 5 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 analyse the statement.
File name: Little-Bit-Inc.xls File type: application/vnd.ms-excel Price: $7
SOLUTION
PREVIEW
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Statement of cash flows (Indirect method)
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Little Bit Inc.
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Particulars
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Amount
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Amount
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Cash flows from operating activities:
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Net Income Before Interest and taxes
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8,300
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Add depreciation
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18,000
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Net Income before working capital changes
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26,300
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