On January 31, 2019, YZ Company engaged in the following transactions: • Obtained a P500,000, 6-month loan from ZY, discounted at 12%. The company pledged P600,000 accounts receivable as security for the loan. • Factored P1,000,000 of accounts receivable without recourse on a notification basis with xWV Finance Company. XWV Finance charged a factoring fee of 5% of the amount of receivables factored and withheld 10% of the receivables factored. What is the total cash received from the financing of receivables and the amount of loss, respectivelv? P1,420,000 and P50,000 P1,320,000 and P150,000 P1,420,000 and P150,000 P1,320,000 andP50,000

Q: What should the net change in cash section of the statement of cash flows always reconcile with?

A: Cash flows statement is a summary statement which provides details of all the cash inflows and cash…

Q: Differentiate cash from accrual method of reporting income and expenses.

A: The basic difference between accrual and cash basis accounting is about timing for recognizing…

Q: Define cash and cash equivalents and explain how to report them.

A: Cash and cash equivalents are the current assets of a company which are available as cash or readily…

Q: How can information based on past transactions be usedto predict future cash flows?

A: Past transactions can be used to predict future cash flows is a true statement.

Q: What are the major sources of cash (inflows) in a statement of cash flows? What are the major uses…

A:

Q: How calculate accumulated cash flow, discounted cash flow and Accumulated discounted cash flow?

A: For calculating the accumulated cash flows we have to start from year 1 till the year when pay- back…

Q: Compare the similarities and differences between the statement of financial position and the…

A: The cash flow statement (CFS), also recognized as the statement of cash flows, is a financial…

Q: What is the alternative way of preparing the Cash Flow Statement?

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: What are the sections of the cash flow statement? Why is it divided this way?

A: We look at the financial statements of a company to analyze its financial position and health.…

Q: What is the purpose of the statement of cash flows? What information does it provide?

A:

Q: What is the difference between the sources (in nows) and uses (out nows) of cash?

A: The question is based on the concept of cash flow statement and cash flow analysis for a particular…

Q: What is the Indirect Method used when preparing the Statement of Cash Flows and please give me a few…

A: Indirect method: Under indirect method the net income is adjusted with the increase or decrease of…

Q: Explain the financial presentation and also classification of cash and cash equivalent. (Write a…

A: •Cash and cash equivalents includes cash, assets immediately convertible into cash, bank balance and…

Q: What does the cash ratio help determine, and how is it calculated?

A: Cash ratio is a liquidity ratio that compares the assets of the company with its current…

Q: balance

A: Income statements are statements that helps us to know the company's profits for a particular time…

Q: what are the operational aspects of the discounted cash flow (DCF) method?

A: What Is Discounted Cash Flow (DCF)?  Limited income (DCF) is a valuation technique used to assess…

Q: How can we determine the net cash flow from operations?

A:

Q: how is liquidity determines in cash collection period

A: Liquidity refers to the ability of a company to meet its short-term obligations with cash or cash…

Q: What are the different risks associated in the accounting of cash

A: The element of risk arises in each and every area and how well we can minimise or reduce the risk is…

Q: How can we separate cash flows from operating cash flow?

A:

Q: how do I create a statement of cash flows?

A: INTRODUCTION: Cash inflows and cash outflows are referred to as cash flow. Operations, investments,…

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: How do i do a cash flow statement

A: Cash Flow Statement: it shows the inflow and outflow of Cash and cash equivalent. Cash flow is…

Q: Where is cash received shown in the statement of cash flows?

A: Cash Flow Statement refers to the account statement that outlines amount of cash and cash…

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: 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: The difference between cash inflows and cash outflows is known as what?

A: Cash flow is defined as the flow of money that comes in (cash inflow) and out of your (cash outflow)…

Q: What is the purpose of a statement of cash flows? How doesit differ from a balance sheet and an…

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

Q: Which of the following are the instruments of money market? Select one: a. All of the above b. None…

A: Following are the instruments of money market

Q: The difference between the sources (in nows) and uses (out nows) of cash represents the net cash…

A: Answer: Cash flow is nothing but the inflows and outflows of the business income. Cash flow is…

Q: What are the differences between cash from operating activities, cash from investing activities, and…

A: Cash from operating activities, cash from investing activities, and cash from financing activities…