1-1 Please state what financial statement each of the following go on 1) Net cash flows from operations 2) Sales 3) Accumulated depreciation, equipment 4) Wages expense 5) Equipment 6) Accounts payable 7) Retained earnings, Jan 1 8) Net cash flows from financing activities 9) Operating income 10) Dividends pahyable

1-1 Please state what financial statement each of the following go on 1) Net cash flows from operations 2) Sales 3) Accumulated depreciation, equipment 4) Wages expense 5) Equipment 6) Accounts payable 7) Retained earnings, Jan 1 8) Net cash flows from financing activities 9) Operating income 10) Dividends pahyable

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.14E

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Question

1-1 Please state what financial statement each of the following go on

1) Net cash flows from operations

2) Sales

3) Accumulated depreciation, equipment

4) Wages expense

5) Equipment

6) Accounts payable

7) Retained earnings, Jan 1

8) Net cash flows from financing activities

9) Operating income

10) Dividends pahyable

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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