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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Preparing a Statement of Cash Flows-Direct Method

The controller of Newstrom Software Inc. provides the following information as the basis for a statement of cash flows:

Chapter 11, Problem 49E, Preparing a Statement of Cash Flows-Direct Method The controller of Newstrom Software Inc. provides

Required:

1. Calculate the net cash provided (used) by operating activities.

2. Calculate the net cash provided (used) by investing activities.

3. Calculate the net cash provided (used) by financing activities.

To determine

(a)

Introduction:

The immediate technique for introducing the announcement of money streams displays the particular money streams related with things that influence income. Things that normally do as such include:

Money gathered from clients

Intrigue and profits received

Money paid to workers

Money paid to providers

Intrigue paid

Salary charges paid

To calculate:

Calculate the net cash provided (used) by operating activities.

Explanation

Prepare operating activity by direct method

Particular Amount ($)
Cash collection from customer
Cash paid:
Cash paid for int...
To determine

(b)

Introduction:

Income from investing activities is a thing on the income explanation that reports the total change in an organization’s money position coming about because of speculation increases or misfortunes and changes coming about because of sums spent on interests in capital resources, for example, plant and equipment.

To calculate:

Calculate the net cash provided (used) by Investing activities.

To determine

(c)

Introduction:

The area of the income articulation titled Cash Flow from Financing Activities represents inflows and outpourings of money coming about because of obligation issuance and financing, the issuance of any new stock, profit installments, and any repurchase of existing stock.

To calculate:

Calculate the net cash provided (used) by Financial activities.

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