Loose-Leaf for Financial and Managerial Accounting
Loose-Leaf for Financial and Managerial Accounting
7th Edition
ISBN: 9781260004861
Author: John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
Question
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Chapter 12, Problem 10QS
To determine

Cash Flow Statement:

Cash flow statement is that statement in which, transaction related to cash are recorded. It is mandatory report and included in the financial statement. It is divided into three parts operating activities, investing activity, and financial activity.

Financial Activity:

Financial activity is the part of the cash flow statement. Financial activity involves the long term liability, borrowing and stockholder’s equity. All the changes in the long term liability, equity and borrowings reported in financial statement.

To identify: Cash flow from financial activity

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Chapter 12 Solutions

Loose-Leaf for Financial and Managerial Accounting

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