FINANCIAL ACCOUNTING-STD.WILEY PLUS
FINANCIAL ACCOUNTING-STD.WILEY PLUS
10th Edition
ISBN: 9781119305750
Author: Weygandt
Publisher: WILEY
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Chapter 12, Problem 19Q

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Cash flows from operating activities

These refer to the cash received or cash paid in day-to-day operating activities of a company.

Direct method: Direct method uses the basis of cash for preparing the cash flows of statement.

To give: The formula used under direct method for computing cash receipts from customers.

(b)

To determine

To give: The formulas used under direct method for computing cash payments made to suppliers.

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Chapter 12 Solutions

FINANCIAL ACCOUNTING-STD.WILEY PLUS

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