The current sections of Bellinham Inc.s balance sheets at December 31, 2009 and 2010, are presented here.
Question:
The current sections of Bellinham Inc.’s balance sheets at December 31, 2009 and 2010, are presented here. Bellinham’s net income for 2010 was $153,000. Depreciation expense was $24,000.
Instructions
Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2010, using the indirect method.
Transcribed Image Text:
2010 2009 Current assets $ 99,000 89,000 172,000 22,000 $105,000 Cash Accounts receivable 110,000 158,000 27,000 $400,000 Inventory Prepaid expenses $382,000 Total current assets Current liabilities $ 15,000 85,000 $100,000 $ 5,000 92,000 $ 97,000 Accrued expenses payable Accounts payable Total current liabilities
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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