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GIVEN THE FLOWWING INFORMATION ABOUT A COMPANY MAKE A CASHFLOW STATEMENT FOR CURRENT YEAR USING DIRECT METHOD SALES A/R A/P CGS CURRENT YEAR 150,000 5000 7000 50000 11900 PREVIOUS YEAR 200,000 15000 3000 40000 5000 DIFFERENCE -50,000 -10,000 4,000 10,000 0.000

GIVEN THE FLOWWING INFORMATION ABOUT A COMPANY MAKE A CASHFLOW STATEMENT FOR CURRENT YEAR USING DIRECT METHOD SALES A/R A/P CGS CURRENT YEAR 150,000 5000 7000 50000 11900 PREVIOUS YEAR 200,000 15000 3000 40000 5000 DIFFERENCE -50,000 -10,000 4,000 10,000 0.000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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GIVEN THE FLOWWING INFORMATION ABOUT A COMPANY MAKE A CASHFLOW STATEMENT FOR CURRENT YEAR USING DIRECT METHOD SALES A/R A/P CGS INVENTORY PREPAID EXPENSE UNEARNED REVENUE TOTAL OPERATING EXPENSE ACCRUED EXPENSES INTEREST EXP TAX PAYABLE DEPRECIATION TAX EXP CURRENT YEAR 150,000 5000 7000 50000 14000 10,000 20000 20000 3000 3000 2000 5000 3000 SALES OF A FIXED ASSET FOR CASH, WORTH BOUGHT PATENTS WORTH, ISSUED SHARES WORTH WROTE OFF BONDS PAYABLE. BEG CASH PREVIOUS YEAR 200,000 15000 3000 40000 16000 8000 10000 25000 5000 2000 3000 5000 2000 DIFFERENCE -50,000 -10,000 4,000 10,000 -2,000 2,000 10,000 -5,000 -2.000 1,000 -1,000 0 1000 40,000 5000 10,000 8000 12,000
Transcribed Image Text:GIVEN THE FLOWWING INFORMATION ABOUT A COMPANY MAKE A CASHFLOW STATEMENT FOR CURRENT YEAR USING DIRECT METHOD SALES A/R A/P CGS INVENTORY PREPAID EXPENSE UNEARNED REVENUE TOTAL OPERATING EXPENSE ACCRUED EXPENSES INTEREST EXP TAX PAYABLE DEPRECIATION TAX EXP CURRENT YEAR 150,000 5000 7000 50000 14000 10,000 20000 20000 3000 3000 2000 5000 3000 SALES OF A FIXED ASSET FOR CASH, WORTH BOUGHT PATENTS WORTH, ISSUED SHARES WORTH WROTE OFF BONDS PAYABLE. BEG CASH PREVIOUS YEAR 200,000 15000 3000 40000 16000 8000 10000 25000 5000 2000 3000 5000 2000 DIFFERENCE -50,000 -10,000 4,000 10,000 -2,000 2,000 10,000 -5,000 -2.000 1,000 -1,000 0 1000 40,000 5000 10,000 8000 12,000
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