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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Swasey Company provided the following information:

Chapter 14, Problem 18BEA, Swasey Company provided the following information: Required: 1. Calculate the change in cash. 2.

 Required:

  1. 1. Calculate the change in cash.
  2. 2. Explain the role of the change in cash in the statement of cash flows.

1.

To determine

Compute the change in cash.

Explanation

Change in Cash:

The change in cash refers to the amount of difference in the cash inflows and the cash outflows.

Use the following formula to calculate the change in cash:

ChangeinCash=(CashBalanceof20X2CashBalanceof20X1

2.

To determine

Discuss the role of change in cash in the statement of cash flows.

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