24 MONTH MYLAB (MAN)
24 MONTH MYLAB (MAN)
7th Edition
ISBN: 9780136503521
Author: MILLER-NOBLES
Publisher: PEARSON
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Chapter 14, Problem 12RQ
To determine

Statement of Cash Flows: It is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It determines the net changes in cash, through reporting the sources and uses of cash due to operating, investing, and financing activities of a company.

These are the three main categories of the statement of cash flows as shown below in the figure.

Categories of cash flows statement

24 MONTH MYLAB (MAN), Chapter 14, Problem 12RQ

Figure (1)

To Determine: The evaluation of balance sheet accounts for the preparation of financing activities in the cash flow statement.

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Which of the following accounts would be found in the Financing Activities section of the statement of cash flows? a.Inventory b.Income Taxes Payable c.Accounts Receivable d.Dividends
Describe the procedure to prepare Cash Flow Statement.
Identify the items that would be classified as investing activities on the statement of cash flows.
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