Question
Asked Feb 14, 2020
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Match the accounts with the appropriate section of the cash flow statement.

 

Question 9 options:

12345

operating activities

12345

investing activities

12345

investing actvitities

12345

financing activities

12345

operating activities

 
1.

Short-term loan

2.

Building

3.

Equipment

4.

Mortgage

5.

Profit for the year

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Expert Answer

Step 1

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. Operating...

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