Describe the “check figure for the statement of cash flow .

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Chapter 11, Problem 2SE

1.

To determine

Describe the “check figure for the statement of cash flow.

2.

To determine

List the categories the statement of cash flow in order.

3.

To determine

Determine the first dollar amount reported using the indirect method.

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You are employed by an external audit firm that is hired by JBltd, a privately owned incorporated business. Accounting records are maintained on a computer using proprietary software. You have worked on the audit for three years and this year you are in charge of the audit. Your assistant is a newly recruited business graduate who has done an accounting course but has no practical experience. Because of the small size of the company there is limited opportunity for segregation of duties. You decide, as in previous years, that the appropriate audit strategy is to obtain evidence primarily through the performance of substantive procedures. You also plan to perform the audit around the computer as the proprietary software is known to be reliable and details of all transactions and balances can be readily printed out. On arriving at the company's premises in December 2019 to perform the final audit on the 31 October 2019 financial statements, you obtain a copy of the year end bank…

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Answer 2

Question

Chapter 11, Problem 2SE

1.

To determine

Describe the “check figure for the statement of cash flow.

2.

To determine

List the categories the statement of cash flow in order.

3.

To determine

Determine the first dollar amount reported using the indirect method.

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Check out a sample textbook solution

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Answer 3

Question

Chapter 11, Problem 2SE

1.

To determine

Describe the “check figure for the statement of cash flow.

2.

To determine

List the categories the statement of cash flow in order.

3.

To determine

Determine the first dollar amount reported using the indirect method.

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Check out a sample textbook solution

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Answer 4

Question

Chapter 11, Problem 2SE

1.

To determine

Describe the “check figure for the statement of cash flow.

2.

To determine

List the categories the statement of cash flow in order.

3.

To determine

Determine the first dollar amount reported using the indirect method.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 11, Problem 2SE

1.

To determine

Describe the “check figure for the statement of cash flow.

2.

To determine

List the categories the statement of cash flow in order.

3.

To determine

Determine the first dollar amount reported using the indirect method.

Answer 6

Chapter 11, Problem 2SE

1.

To determine

Describe the “check figure for the statement of cash flow.

Answer 7

Chapter 11, Problem 2SE

1.

To determine

Describe the “check figure for the statement of cash flow.

Answer 8

2.

To determine

List the categories the statement of cash flow in order.

Answer 9

2.

To determine

List the categories the statement of cash flow in order.

Answer 10

3.

To determine

Determine the first dollar amount reported using the indirect method.

Answer 11

3.

To determine

Determine the first dollar amount reported using the indirect method.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 11 - Prob. 1DQ Ch. 11 - Prob. 2DQ Ch. 11 - Prob. 3DQ Ch. 11 - A company issued bonds during the year. Would this...Ch. 11 - Prob. 5DQ Ch. 11 - When using the indirect method, why are gains on...Ch. 11 - Prob. 7DQ Ch. 11 - Prob. 8DQ Ch. 11 - Prob. 9DQ Ch. 11 - Prob. 10DQ

Describe the “check figure for the statement of cash flow .

Solution Summary: The author explains the "check figure" for the statement of cash flow, which shows the increase or decrease in cash during the particular period.

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Describe the “check figure for the statement of cash flow.

List the categories the statement of cash flow in order.

Determine the first dollar amount reported using the indirect method.

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Chapter 11 Solutions