Using a spreadsheet to complete the statement of cash flows—indirect method Companies can use a spreadsheet to complete the statement of cash flows. Each item that follows is recorded in the transaction analysis columns of the spreadsheet. a. Net income b. Increases in current assets (other than Cash) c. Decreases in current liabilities d. Cash payment for acquisition of plant assets e. Cash receipt from issuance of common stock f. Depreciation expense Identify each as being recorded by a Debit or Credit in the statement of cash flows section of the spreadsheet.
Using a spreadsheet to complete the statement of cash flows—indirect method Companies can use a spreadsheet to complete the statement of cash flows. Each item that follows is recorded in the transaction analysis columns of the spreadsheet. a. Net income b. Increases in current assets (other than Cash) c. Decreases in current liabilities d. Cash payment for acquisition of plant assets e. Cash receipt from issuance of common stock f. Depreciation expense Identify each as being recorded by a Debit or Credit in the statement of cash flows section of the spreadsheet.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter8: Operating Assets: Property, Plant, And Equipment, And Intangibles
Section: Chapter Questions
Problem 8.9E
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Using a spreadsheet to complete the statement of
Companies can use a spreadsheet to complete the statement of cash flows. Each item that follows is recorded in the transaction analysis columns of the spreadsheet.
a. Net income
b. Increases in current assets (other than Cash)
c. Decreases in current liabilities
d. Cash payment for acquisition of plant assets
e. Cash receipt from issuance of common stock
f.
Identify each as being recorded by a Debit or Credit in the statement of cash flows section of the spreadsheet.
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