Net income Depreciation Expense EBIT Tax Statement of Cash Flows For The Year Ended December 31,2023,2024,2025 Cash flow 2023 733,700 (10,000) 723,700 (82,000) 641,700 2024 797,661 (10,000) 787,661 (91,481) 696,180 2025 943,772 (5,000) 938,772 (117,283) 821,489

Q: Why is the actual timing of cash inflows and outflows is ignored?

A: Cash inflows and cash outflows is the main integral part of the business. Without investment one can’t…

Q: and

A: Answer: Income statement-Negative effect: Inventories are not recorded in the income statement.…

Q: Describe reconciliation with change in cash balance.

A: A cash flow statement is used to reconcile with change in cash balance. It shows the cash flow in…

Q: what are usefulness and weakness of discounted cash flow method?

A: Discounted Cashflow Method is the Method in which we compare Initial Project cost with expected…

Q: The total cash receipts have to be put in the final part?

A: The cash receipts means the amount of money received either through cash mode or bank.

Q: Why is this statement false? The balance sheet shows why cash increased or decreased.

A: Financial statements are the reports that indicate the financial position of the business. The…

Q: Define Restricted Cash.

A: Restricted cash refers to money that is held for a specific purpose and therefore not available to…

Q: Does Derecognition only apply to the balance sheet? If so, Why? Why are other statements not used?…

A: Derecognition is the process of removing an asset or liability from the financial statements of a…

Q: esearch articles that deal with the benefits which might be derived from the Statement of Cash…

A: In accounting cash flow statement is that financial statement that shows different soucres of cash…

Q: How do you think the misstatement of funds will impact the income statement and balance sheet?

A: Income statement is a statement which shows all income and expenses of the business with calculation…

Q: How should we account for the fact that not every account receivable is likely to be collected?

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Why could cash be falling in a set of accounts?

A: Cash can fall in a set of accounts for a variety of reasons. These include making large purchases,…

Q: separation of duties

A: Separation of duty is the internal conttro process by which the company avoids the fraud and…

Q: Explain the possible restrictions on cash and their implications for classification in the balance…

A: Restricted Cash Restricted cash is define as the cash is not freely available for the company to…

Q: related to cash? What are the most important assertions related to cash? How will auditors test…

A: Cash is a highly liquid asset held by a business firm at a point in time. It is recorded under the…

Q: Why does a decrease in receivable turnover create the need for cash from  operating activities?

A: Operating activities are the day-to-day business activities that a company engages in to generate…

Q: If the time interval for compounding is different from the time interval for cash transactions what…

A: Time interval plays a big role in determining the inflows and outflows of an investment ,therefore…

Q: What is information asymmetry? Why is it considered a problem to the financial system?

A: Information spatiality could be a condition in social science wherever one party has higher…

Q: Two areas of Weakness in handling cash

A: Internal control weakness implies a failure in the implementation of internal control systems of the…