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?
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?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 34E
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1) Please explain the purpose of the Statement of
2) On the example of Statement of Cash Flows in my textbook it has
3) Owner Drawings is that a DR or CR account?
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