menu
bartleby
search
close search
Hit Return to see all results

1) Please explain the purpose of the Statement of Cash Flows....2) On the example of Statement of Cash Flows in my textbook it has Depreciation Expense. The text states this is an adjustment because the use of a fixed asset requires no use of cash.,,,,Could you please explain that sentence to me. I do not understand the explanation.3) Owner Drawings is that a DR or CR account?

Question

1) Please explain the purpose of the Statement of Cash Flows....
2) On the example of Statement of Cash Flows in my textbook it has Depreciation Expense. The text states this is an adjustment because the use of a fixed asset requires no use of cash.,,,,Could you please explain that sentence to me. I do not understand the explanation.

3) Owner Drawings is that a DR or CR account?

check_circleAnswer
Step 1

The Statement of Cash Flows is a financial statement that measures activities involving cash receipts and cash payments over an interval of time. We can cl...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Our solutions are written by experts, many with advanced degrees, and available 24/7

See Solution
Tagged in

Business

Accounting

Accounting theory

Related Accounting Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: What prevents you from deleting the record of the vendor list? This from quitbooks.

A: Quick books has  system of accounting control  where in all users do not have access to updating mas...

question_answer

Q: What is the difference between grease payment and bribery?  Is grease payment legal per FCPA and per...

A: Grease payment: A grease payment is a payment made to the international or government agencies to ge...

question_answer

Q: Gelb Company currently manufactures 40,000 units per year of a key component for its manufacturing p...

A: The decision to manufacture or buy needs to be taken on the basis of impact of cost changes arising ...

question_answer

Q: The Geological consulting firm Gilbert, Marsh,& Kester prepare adjusting entries on a monthly ba...

A: Calculate the accrued interest on note for the month of December.

question_answer

Q: 2. To prepare for the construction of its new headquarters, ABC company purchased a 500-acre plot of...

A: Section 835 of FASB Accounting standards codification relates to Interest. Section 835-20 relates to...

question_answer

Q: Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall ...

A: “Hey, since there are multiple sub parts posted, we will answer first three sub parts. If you want a...

question_answer

Q: Teal Mountain Inc. markets CDs of numerous performing artists. At the beginning of March, Teal Mount...

A: The given question can be calculated as follows :

question_answer

Q: GIFFCO contracted with the investment bank X.M. Retzoff to issue 25 million of short-term paper. The...

A: When debt securities are issued at commission, the fees and commission are deducted from the net pro...

question_answer

Q: Bb Blackboard Learn mbe Course: ACCT 209: Survey of Acc X X New Tab ckboard.com/webapps/ubsh-Iti-int...

A: 1.Credit terms - 2/10 , n/30; Date June 8:Cash received = $30,000 (100% - 2%)Cash received = $29,400

Sorry about that. What wasn’t helpful?