Loose-Leaf for Financial and Managerial Accounting
Loose-Leaf for Financial and Managerial Accounting
7th Edition
ISBN: 9781260004861
Author: John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 12, Problem 6BTN
To determine

Cash Flow Statement:

Cash flow statement gives the information related to the cash inflow and outflow of the company. It gives the information cash inflow and out flow from the operating, investing and financing activities.

1.

a.

To explain: Object of the cash flow statement.

b.

To determine

To explain: Similarity and difference between the direct and indirect method.

c.

To determine

To explain: Steps followed in the cash flow statement.

d.

To determine

To explain: Type of the information given by the cash flow statement.

2.

a.

To determine

To explain: Adjustment of the noncash operating revenue and expense in cash flow statement.

b.

To determine

To explain: Adjustment of the noncash operating gain and loss.

c.

To determine

To explain: Increase and decrease in noncash current assets.

d.

To determine

To explain: Increase and decrease in noncash current assets.

3.

a.

To determine

To explain: Formula for cash collected from customer.

b.

To determine

To explain: Formula for cash paid for inventory to supplier.

c.

To determine

To explain: Formula for cash paid for wages and operating expense.

d.

To determine

To explain: Formula for cash paid for interest and taxes.

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Chapter 12 Solutions

Loose-Leaf for Financial and Managerial Accounting

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