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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Preparing Net Cash Flows from Operating Activities-Direct Method

Befuddled Corporation collected the following information on inflows and outflows for 2019:

Chapter 11, Problem 57PSB, Preparing Net Cash Flows from Operating Activities-Direct Method Befuddled Corporation collected the

Befuddled had a cash balance of $89,200 on 1/1/2019.

Required:

1. Prepare a statement of cash flows using the direct method to determine net cash flow from operating activities.

2. CONCEPTUAL CONNECTION What can you conclude by examining the patterns in Befuddled’s cash flows?

To determine

(a)

Under the direct method, the main segment of the cash flow statement that will contrast in introduction is the cash flow from activities area. The direct method records the cash receipts and installments made amid a period for a business' tasks.

To compute:

Prepare a statement of cash flow using direct method to determine net cash flow from operating activities.

Explanation

In the books of BEFUDDLED CORPORATION

Cash flow statement of operating activity

Particular Amount ($)
Cash collection from sale 956500
Cash paymen...
To determine

(b)

Under the direct method, the main segment of the cash flow statement that will contrast in introduction is the cash flow from activities area. The direct method records the cash receipts and installments made amid a period for a business' tasks.

To discuss:

What can you conclude by examining the patterns in befuddled’s cash flow?

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