D. True or false, the financing activities section of the statement of cash flows reflects the cash flows that affect current assets and liabilities?E. True or false, buying property, plant and equipment would be considered a cash outflow from financing?F. True or false, the financing section of the statement of cash flows reflects transactions in the equity accounts and the long-term liability accounts? Scenario:The 2021 comparative balance sheet and income statement of Auga CompanyLtd, have just been distributed at a meeting of the company's board of directors.The members of the board of directors were desirous of knowing the reason orreasons why the cash balance different from the net income. The company usesthe indirect method to prepare the statement of cash flows and it is expected thatthis should be able to provide the needed clarity required by the directors.The directors have asked each student from your accounting course to assistwith the needed clarification and have put forward the following financialinformation grouped according to your first name initial. (Hint!!!! Example firstname Boysie will use the initial B and that person should only use the infopresented in line with the heading with their first name initial. You are notallowed to use info associated with initials other than that of your own asthis will result in the forfeiture of the grade.) Please refer to the above rulerelating to double-barrel first name.Having identified the information in line with your first name you are next requiredto address the requirements outlined below.

Statement of Cash Flows explains the differences between the net income and cash and cash equivalent…

Answered: D. True or false, the financing…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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D. True or false, the financing activities section of the statement of cash flows reflects the cash flows that affect current assets and liabilities? E. True or false, buying property, plant and equipment would be considered a cash outflow from financing? F. True or false, the financing section of the statement of cash flows reflects transactions in the equity accounts and the long-term liability accounts?

Scenario:
The 2021 comparative balance sheet and income statement of Auga Company
Ltd, have just been distributed at a meeting of the company's board of directors.
The members of the board of directors were desirous of knowing the reason or
reasons why the cash balance different from the net income. The company uses
the indirect method to prepare the statement of cash flows and it is expected that
this should be able to provide the needed clarity required by the directors.
The directors have asked each student from your accounting course to assist
with the needed clarification and have put forward the following financial
information grouped according to your first name initial. (Hint!!!! Example first
name Boysie will use the initial B and that person should only use the info
presented in line with the heading with their first name initial. You are not
allowed to use info associated with initials other than that of your own as
this will result in the forfeiture of the grade.) Please refer to the above rule
relating to double-barrel first name.
Having identified the information in line with your first name you are next required
to address the requirements outlined below.

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