Concept explainers
Statement of cash flows: It is one of the financial statement that shows the cash and cash equivalents of a company for a particular period. It determines the net changes in cash through reporting the sources and uses of cash due to the operating, investing, and financing activities of a company.
Requirement 1
The purpose of the statement of cash flows:
Requirement 2
To Prepare: Single step income statement of CC for the year ended December 31, 2018 (using single-step format).
To Prepare: The balance Sheet of CC at December 31, 2018.
To Prepare: Statement of cash flows under indirect method.
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Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (6th Edition)
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