Hello, I'm having issues with the books problem questions. The problem is looking for the "Consolidated balance of cash" If the method is needed, we've been told to use Fair value method.
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Hello, I'm having issues with the books problem questions. The problem is looking for the "Consolidated balance of cash" If the method is needed, we've been told to use Fair value method.
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- 7. An increase in accounts payable represents an increase in net cash provided by operating activities just like borrowing money from a bank. An increase in accounts payable has an effect similar to taking out a new bank loan. However, these two items show up in different sections of the statement of cash flows to reflect the difference between operating and financing activities. a. True b. False If your answer is false, what is the correct answer:The comparative balance sheet and income statement of Sign Language Hearing Co Ltd, have just been prepared and presented to the owners by the company’s Accountant. The owners are concerned about the movement in the company’s cash and cash equivalent given that the balance sheet does not show or explain the reason or reasons why there was an increase or decrease in this area. 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 owners. The owners are requesting clarification and have put presented the following financial information. In comparison to investing and financing activities, it is often said that cash from operating activities must be the main source of cash to achieve long term success of the company. Do you agree or disagree with this statement? Give reason or reasons to support your answer taking into consideration the possible consequences of the cash being…Evaluate the following statements: Statement 1. Compensating balance requirements as a result of long-term financing arrangements is reported under the cash and cash equivalents section of the balance sheet. Statement 2: An overdraft that resulted from an over withdrawal beyond the overdraft allowance may be reported as either current or noncurrent inability Statement 3: Certificates of deposit and money market savings certificates are examples of time deposits which may other be shown in the 'cash and cash equivalents' line item or 'investment' item. a. All statements are correct b. One statement is correct c. Two statements are correct d. All statements are incorrect
- Hi, 1) write up is not so clear!!, I'm unable to distinguish between number 2 & 3 plus some wording is not clear. ( it will be better if the solution was written by computer) 2) The answer is very complecated ....where You added the Income Tax Expense and Intrest Expense .. and then you substracted agian in different cash movments where i really got confused ..Which of the following statements is false? O A. A positive cash conversion cycle means the company is paying its payables before receiving its receivables. B. A negative cash conversion cycle means the company is collecting its receivable before paying its payables. C. The cash conversion cycle is the length of time required for the company to recieve its inventory and then receive cash from the sales of its inventory. D. All of the above statements are true.If we say that a non-cash asset has high liquidity we are indicating that The assets can be converted to cash quickly The assets can be converted to cash at or near fill value The asset can be converted to cash with a large discount
- Explain different methods for cash transactions and the costs associated with each. How these costs can be reduced? (Provide examples to support your justifications)The owners are concerned about the movement in the company’scash and cash equivalent given that the balance sheet does not show or explain the reason or reasons why there was anincrease or decrease in this area. The company uses the indirect method to prepare the statement of cash flows and it isexpected that this should be able to provide the needed clarity required by the owners. 1.Prepare a complete statement of cash flows for October 2021 using the indirect method based on the informationand guidance provided above.I know in order to find the cash flow from operating activities using the indirect method you start with the net income then add your depreciation expense and your loss on disposal equipment. Then you subtract increases in account receivable and decrease in account receivable and that gives you your net income. However, when I compute this it says all my answers are incorrect. I thought I was doing this correctly but clearly I need assistance.
- Explain in detail with examples of different methods for cash transactions, and the costs associated with each. Provide brief justification on how these costs can be reduced?The balance of the cash is declining because Accounts Receivable is increasing due to collection rate. What can you suggest on this one ?The comparative balance sheet and income statement of Sign Language Hearing Co Ltd, have just been prepared and presented to the owners by the company’s Accountant. The owners are concerned about the movement in the company’s cash and cash equivalent given that the balance sheet does not show or explain the reason or reasons why there was an increase or decrease in this area. 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 owners. The owners 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 surname initial. (Hint!!!! Example surname Brad will use the initial B and that person should only use the info presented in line with the heading with their surname initial. If you have a double barrel surname for example Campbell-Brown, use the initial for…