Cash outflows related to employee wages be reflected as part of Statement of Cash Flows. on the Net cash provided by/(used in) INVESTING activities Net cash provided by/(used in) OPERATING activities Net cash provided by/(used in) FINANCING activities

Q: How about the payment of cash dividend? Under what cash flow activity, would you record it

A: Meaning of cash flow statement It is a statement which is used as a tool by an organization which…

Q: Does gross fixed assets belong to operating, investing, or financing activities on the statement of…

A: Gross Fixed assets belongs to Investing Activities on the statement of cash flows.

Q: Yang Company recognized accrued salary expense. The recognition will affect which of the following…

A: Accrual Accounting: Accrual accounting is a concept, in which all the revenues and expenses related…

Q: What accounts on the balance sheet must be evaluated when completing the investing activities…

A:

Q: compare cash fl ows from operating, investing, and fi nancing activities and classify cash fl…

A: The cash flow statement a statement which provides information of a company’s cash receipts and…

Q: section on the Cash inflows from sales of investments will appear in the Statement of Cash Flows.…

A: Cash inflow indicates the receipt of cash by an entity.

Q: The order of presentation of activities on the statement of cash flows is a. operating,…

A: Cash Flow Statement - Under Cash Flow there are three type activities involved - 1. Operating…

Q: Describe Cash outflows from investing activities that includes cash paid.

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Which of the following would be included in cash flows from investing activities?  Select one: a.…

A: Investing activity: It can be defined as the activity related to the sale and purchase of long term…

Q: Which of the following transactions would be a source of cash reported in the investing activities…

A: Investing activities on the Statement of Cash Flows involve cash transactions related to the…

Q: How to determine cash portion of retained earnings

A: Retained earnings are that part of profit which is reinvested in the business. It is the amount left…

Q: The financial statement that reports the revenue earned by the company is  the income statement the…

A: Lets understand basics. Revenue is a consideration received by the company for the supply of goods…

Q: When the Direct Method is used to report operating activities in the Statement of Cash Flows, the…

A: Cash flow refers to the movement of cash into or out of a business, investment, or financial product…

Q: When using the indirect method of determining net cash flows from operating activities, how is…

A: Cash flow statement (CFS) is a type of financial statement that gives a summary related to all the…

Q: The primary objective of the statement of cash flows is to provide information about a company's: O…

A: Solution: Statement of cash flows is a financial statement that provides data regarding all cash…

Q: Which of the following is not an operating activity shown on the Statement of Cash Flows? Cash…

A: Cash Flow statement is prepared to analyze the Cash Inflow  and Outflow Activities.

Q: Using the direct method of preparing the statement of cash flows, to determine the cash effects of…

A: Statement of cash flows:   Statement of cash flows is one among the financial statement of a Company…

Q: On a statement of cash flows , the net amount of cash provided by (or used for ) items that normally…

A: The objective of the question is to identify which section of the cash flow statement the items that…

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.