Cash flow statement gives the information related to the
1.
a.
To explain: Object of the cash flow statement.
b.
To explain: Similarity and difference between the direct and indirect method.
c.
To explain: Steps followed in the cash flow statement.
d.
To explain: Type of the information given by the cash flow statement.
2.
a.
To explain: Adjustment of the noncash operating revenue and expense in cash flow statement.
b.
To explain: Adjustment of the noncash operating gain and loss.
c.
To explain: Increase and decrease in noncash current assets.
d.
To explain: Increase and decrease in noncash current assets.
3.
a.
To explain: Formula for cash collected from customer.
b.
To explain: Formula for cash paid for inventory to supplier.
c.
To explain: Formula for cash paid for wages and operating expense.
d.
To explain: Formula for cash paid for interest and taxes.

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Chapter 12 Solutions
FINAN. AND MANAGERIAL ACCT LL W/ ACCESS
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