3. Using the indirect method of cash flow statement, what is the net cash provided by financing activities for the year 2020? * O A) Cash inflows of $9,823 O B) Cash outflows of $10,395 O C) Cash inflows of $2,053 O D) Cash outflows of $2,053 O E) None of the above. 4. Using the indirect method of cash flow statement, what is the net change in cash for the year 2020? O A) Decrease in cash by $2,625 O B) Increase in cash by $2,625 O C) Increase in cash by $5040 O D) Decrease in cash by $2,415 O E) None of the above.
Reporting Cash Flows
Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows from various activities such as operating, financing, and investment. Reporting this statement is important because it is the main financial statement of the company.
Balance Sheet
A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the most critical measures of the financial performance and position of the company, and as the name suggests, the statement must balance the assets against the liabilities and equity. The assets are what the company owns, and the liabilities represent what the company owes. Equity represents the amount invested in the business, either by the promoters of the company or by external shareholders. The total assets must match total liabilities plus equity.
Financial Statements
Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It includes three main components that are balance sheet, income statement and cash flow statement.
Owner's Capital
Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expected to have either a debit balance or a credit balance, depending on the nature of the account. An asset account will have a debit balance as normal balance because an asset is a debit account. Similarly, a liability account will have the normal balance as a credit balance because it is amount owed, representing a credit account. Equity is also said to have a credit balance as its normal balance. However, sometimes the normal balances may be reversed, often due to incorrect journal or posting entries or other accounting/ clerical errors.
![E Assessment 2
E BHN36b0 A2 Fall 2021-2022
A 2 https://docs.google.com/forms/d/e/1FAlpQLSPXorlaxIMYwWjdrexoNI30F6zOshLaGsSzvcHy9vKmOjUnAg/formResponse?pli=1
3. Using the indirect method of cash flow statement, what is the net cash
provided by financing activities for the year 2020? *
O A) Cash inflows of $9,823
O B) Cash outflows of $10,395
O C) Cash inflows of $2,053
O D) Cash outflows of $2,053
O E) None of the above.
4. Using the indirect method of cash flow statement, what is the net change in
cash for the year 2020? *
O A) Decrease in cash by $2,625
O B) Increase in cash by $2,625
O C) Increase in cash by $5,040
O D) Decrease in cash by $2,415
O E) None of the above.
10:28 AM
A O d0) ENG
22-Dec-2021
TOSHIBA](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F911101eb-c578-4165-99ed-1792a9b9d5c6%2F3e65fd5f-f9b3-4200-898f-ede051d92bca%2Fnijfp3f_processed.jpeg&w=3840&q=75)
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Consider the following selected financial information for Aishti company.
Aishti Company
Income Statement
For the Year Ended December 31, 2020
Aishti Company
Balance Sheet
For the Year Ended December 31, 2019 & 2020
2020
2019
Assets
Cash
$2,415
$5,040
Revenues
$94,500
Accounts Receivable
$5,355
$6,195
Inventories
$10,290
$10,080
Less: Depreciation expense
$6,825
Plant & Equipment
Less: Acc. Depreciation
Total Assets
$22,575
($15,960) (S9,135)
S35,070
$32,970
Less: Other operating expenses
74,550
S34,755
Less: Interest Expense
3,990
Liabilities & O/E
Accounts Payable
Income Tax Payable
Long-Term Debt
Common Stock
Retained Earnings
Total Liabilities and O/E
$3,885
$1,26
$9,555
$11,550
$8,820
S35,070
$5,775
$2,94
S8,715
$14,175
S3,150
S34,755
Income
income taxes
$9,135
Income tax expense
$3,197
Net income
$5,938
1. Using the indirect method of cash flow statement, what is the net cash
provided by opera
jactivities for the year 20202](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F911101eb-c578-4165-99ed-1792a9b9d5c6%2F3e65fd5f-f9b3-4200-898f-ede051d92bca%2Fmbeeel_processed.jpeg&w=3840&q=75)
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