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Intermediate Accounting: Reporting...
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Intermediate Accounting: Reporting...
List the five operating cash outflows that a company reports under the direct method.
Provide the list of operating cash outflow prepared in cash flow statement under direct method.
Operating activities: Operating activities include cash inflows and outflows from business operations.
Cash flows from operating activities: In this direct method, cash flow from operating activities is computed by using all cash receipts and cash payments during the year.
A.   Cash Receipts: It encompasses all the cash receipts from sale of goods and on account receivable.
B.    Cash Payments: It encompasses all the cash payments that are made to suppliers of goods and all expenses that are paid.
List of operating cash outflow in a direct method:
A company reports its operating cash outflow through these categories.
- Payments to suppliers: Cost of goods sold, plus increases in inventory or minus decrease in inventory, plus decreases in accounts payable or minus increases in accounts payable...
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