Statement of cash flows : This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period. Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record. To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

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Answer 1

Question

Chapter 21, Problem 21.12Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period.

Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record.

To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

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Answer 2

Question

Chapter 21, Problem 21.12Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period.

Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record.

To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

Expert Solution & Answer

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Answer 3

Question

Chapter 21, Problem 21.12Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period.

Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record.

To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

Expert Solution & Answer

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Answer 4

Question

Chapter 21, Problem 21.12Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period.

Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record.

To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

Expert Solution & Answer

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Answer 5

Chapter 21, Problem 21.12Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period.

Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record.

To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

Answer 6

Chapter 21, Problem 21.12Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period.

Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record.

To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

Answer 7

Chapter 21, Problem 21.12Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period.

Spreadsheet: The spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier. The spreadsheet is a working tool of the accountant but it is not a permanent accounting record.

To Explain: The purpose of the “changes” columns of a spreadsheet to prepare a statement of cash flows.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21 - Effects of all cash flows affect the balances of...Ch. 21 - Prob. 21.2Q Ch. 21 - Prob. 21.3Q Ch. 21 - Prob. 21.4Q Ch. 21 - Prob. 21.5Q Ch. 21 - Prob. 21.6Q Ch. 21 - Prob. 21.7Q Ch. 21 - The sale of stock and the sale of bonds are...Ch. 21 - Does the statement of cash flows report only...Ch. 21 - Prob. 21.10Q

Solution Summary: The author explains that the spreadsheet is a supplementary device which helps to prepare the adjusting entries and the statement of cash flows easier.

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Chapter 21 Solutions