Explanation 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. The cash flow from operating activitiesCorporation C for the year ended December 31 is as follows: Corporation C Statement of Cash Flows – Indirect Method For the year ended December 31 Particulars Amount Amount Cash flow from operating activities: Refer to Table (2) Net Income $10,000 Add: Depreciation expenses $16,000 Add: Decrease in inventory $60 Add: Decrease in prepaid rent $20 Add: Decrease in prepaid insurance $20 Add: Increase in utilities payable $100 Add: Increase in salaries and wages payable $200 Less:

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Author: PHILLIPS

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Chapter 12, Problem 2PB

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To prepare: The cash flow from operating activities section of Company G under indirect method.

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Chapter 12 Solutions

FUNDAMENTALS OF FINANCIAL ACCOUNTING LL

Ch. 12 - Compare the purposes of the income statement, the...Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - What are the major categories of business...Ch. 12 - Prob. 5Q Ch. 12 - Describe the types of items used to compute cash...Ch. 12 - Under the indirect method, depreciation expense is...Ch. 12 - Prob. 8Q Ch. 12 - Explain why a 50,000 increase in inventory during...Ch. 12 - Prob. 10Q

Ch. 12 - As a junior analyst, you are evaluating the...Ch. 12 - Prob. 12Q Ch. 12 - Prob. 13Q Ch. 12 - Prob. 14Q Ch. 12 - (Supplement 12A) How is the sale of equipment...Ch. 12 - Prob. 1MC Ch. 12 - Prob. 2MC Ch. 12 - Prob. 3MC Ch. 12 - Prob. 4MC Ch. 12 - Which of the following would not appear in the...Ch. 12 - Prob. 6MC Ch. 12 - Prob. 7MC Ch. 12 - Prob. 8MC Ch. 12 - The total change in cash as shown near the bottom...Ch. 12 - Prob. 10MC Ch. 12 - Prob. 1ME Ch. 12 - Matching Items Reported to Cash Flow Statement...Ch. 12 - Determining the Effects of Account Changes on Cash...Ch. 12 - Computing Cash Flows from Operating Activities...Ch. 12 - Prob. 5ME Ch. 12 - Computing Cash Flows from Investing Activities...Ch. 12 - Computing Cash Flows from Financing Activities...Ch. 12 - Computing Cash Flows Under IFRS Using the data...Ch. 12 - Prob. 9ME Ch. 12 - Interpreting Cash Flows from Operating, Investing,...Ch. 12 - Matching Items Reported to Cash Flow Statement...Ch. 12 - Computing Cash Flows from Operating Activities...Ch. 12 - Prob. 13ME Ch. 12 - Matching items Reported to Cash Flow Statement...Ch. 12 - Prob. 2E Ch. 12 - Prob. 3E Ch. 12 - Prob. 4E Ch. 12 - Prob. 5E Ch. 12 - Prob. 6E Ch. 12 - Prob. 7E Ch. 12 - Prob. 8E Ch. 12 - Reporting and Interpreting Cash Flows from...Ch. 12 - Prob. 10E Ch. 12 - Prob. 11E Ch. 12 - Inferring Balance Sheet Changes from the Cash Flow...Ch. 12 - Prob. 13E Ch. 12 - Prob. 14E Ch. 12 - Prob. 15E Ch. 12 - Prob. 16E Ch. 12 - Prob. 17E Ch. 12 - Prob. 18E Ch. 12 - Prob. 19E Ch. 12 - Prob. 20E Ch. 12 - Prob. 21E Ch. 12 - Prob. 22E Ch. 12 - (Supplement 12B) Preparing a Statement of Cash...Ch. 12 - Determining Cash Flow Statement Effects of...Ch. 12 - Prob. 2CP Ch. 12 - Prob. 3CP Ch. 12 - Preparing and Interpreting a Statement of Cash...Ch. 12 - Prob. 5CP Ch. 12 - Prob. 6CP Ch. 12 - (Supplement 12A) Preparing and Interpreting a...Ch. 12 - Prob. 1PA Ch. 12 - Prob. 2PA Ch. 12 - Prob. 3PA Ch. 12 - Preparing and Interpreting a Statement of Cash...Ch. 12 - Computing Cash Flows from Operating Activities...Ch. 12 - Prob. 6PA Ch. 12 - (Supplement 12A) Preparing and Interpreting a...Ch. 12 - Prob. 1PB Ch. 12 - Prob. 2PB Ch. 12 - Prob. 3PB Ch. 12 - Preparing and Interpreting a Statement of Cash...Ch. 12 - Prob. 5PB Ch. 12 - Prob. 6PB Ch. 12 - Prob. 1SDC Ch. 12 - Prob. 2SDC Ch. 12 - Prob. 6SDC Ch. 12 - Prob. 7SDC Ch. 12 - Prob. 8SDC Ch. 12 - Prob. 9SDC Ch. 12 - Prob. 1CC

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