acc230 week 5 checkpoint

Apr 16th, 2015
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Acadia University
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Hi there.This document contains A+ work for the course ACC 230.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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Week 5 - Checkpoint (This is Answer Key)4.5Little Bit, Inc.Statement of Cash Flows For Year Ended December 31, 2009Cash flow from operating activitiesNet income$ 5,500Noncash expenses included in net income:Depreciation18,000Deferred income taxes 500Cash provided by (used for) current assets and liabilitiesAccounts receivable (6,500)Inventory (8,500)Prepaid expenses(4,000)Accounts payable 2,000Accrued salaries payable (16,000)Net cash used by operating activities($ 9,000)Cash flows from investing activitiesPurchase of

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