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Little Bit Inc

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Submitted By MzFanTab
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Little Bit Inc.
Statement of Cash Flows
For Year Ended December 31, 2009

Cash flow from operating activities:

Net income $ 5,500

Non-cash expenses included in net income: Depreciation $ 18,000 Deferred income taxes 500 Cash provided by (used for) current assets and liabilities:

Accounts Receivable $ 6,500 Inventory 8,500 Prepaid expenses 4,000 Accounts payable 2,000 Accrued liabilities 16,000

Net Cash used by operating activities: $9,000

Cash flows from investing activities:

Purchase of plant and equipment $ 6,000 Purchase of long term investments 1,000

Net cash used by investing activities: 7,000

Cash flows from financing activities:

Additions to long term debt $ 17,000 Sale of common stock 15,000

Net cash provided by financing activities $32,000

Increase in cash of $ 16,000

This is a cash flow statement for Little Bit Inc. and above shows their cash inflow and out flow from operating, financing and investing activities. First of all as you can see their cash increase was more than their cash outflow of $16,000 which did resulted in the end of a cash closing balance of $40,000. They are being supported directly by long term debt and the sale of common stock that is a combine total of $32,000. Their debt will get bigger if they don’t

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