Unit 6 Accounting Assignment
GB 518 Practice Assignment Document:
These assignments are the parallel assignments to the Set A Problems assigned in the Units. The Problem Set B problems will provide guidance about the methodology used to complete the assignments.
The most effective way to use these will be to make a valid attempt to complete the Set B assignment BEFORE referring to the examples provided here.
Unit 6 Practice Problems Below:
NOTE: There are no Practice Set problems for the Exercises or BTNs, only the Problem Set A will have a parallel Set B Problem.
Problem 12-4B (35 minutes)
|TAURASI COMPANY |
|Statement of Cash Flows |
|For Year Ended December 31, 2011 |
|Cash flows from operating activities | | | |
| Net income |$88,425 | | |
| Adjustments to reconcile net income to net | | | |
|cash provided by operating activities | | | |
| Decrease in accounts receivable ($23,250 - $19,425) |3,825 | | |
| Increase in inventory ($175,350 - $139,875) | (35,475) | | |
|
These assignments are the parallel assignments to the Set A Problems assigned in the Units. The Problem Set B problems will provide guidance about the methodology used to complete the assignments.
The most effective way to use these will be to make a valid attempt to complete the Set B assignment BEFORE referring to the examples provided here.
Unit 6 Practice Problems Below:
NOTE: There are no Practice Set problems for the Exercises or BTNs, only the Problem Set A will have a parallel Set B Problem.
Problem 12-4B (35 minutes)
|TAURASI COMPANY |
|Statement of Cash Flows |
|For Year Ended December 31, 2011 |
|Cash flows from operating activities | | | |
| Net income |$88,425 | | |
| Adjustments to reconcile net income to net | | | |
|cash provided by operating activities | | | |
| Decrease in accounts receivable ($23,250 - $19,425) |3,825 | | |
| Increase in inventory ($175,350 - $139,875) | (35,475) | | |
|