Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
(Preparation of Operating Activities Section (Preparation of Op.docx
1. (Preparation of Operating Activities Section
(Preparation of Operating Activities Section
Solution
Note :
Inventory decreased = Beginning Inventory - Ending inventory
Inventory decreased = 1900000 - 1600000
Inventory decreased = 300000
VINCE GILL COMPANY
Partial Statement of Cash Flows
For The Year Ended December 31, 2014
Cash flows from operating activities
Net income
1,050,00
0
Adjustments to reconcile net income to net cash provided by operating
activities:
Depreciation Expenses 60000
Inventory decreased 300000
Accounts receivable decreased 310000
Prepaid expenses increased -170000
Accounts payable to suppliers of merchandise decreased -275000
Accrued expenses payable decreased -120000 105,000
Net cash provided by operating activities 1,155,000