Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement. To Prepare: Operating activity section of cash flow by indirect method.

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Answer 1

Question

Chapter 12, Problem 3E

1.

Summary Introduction

Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Prepare:

Operating activity section of cash flow by indirect method.

2.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Three major reason that company has net loss and positive cash from operating.

3.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Major causes of difference between cash flow and the net income.

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Mat lives in Barbados and is desirous of starting his own business from inheritances that his parents left him. He approached you for advice on the best type of business to register. Mr. Mat said he would love to gain benefits from any tax relief that is available that the government has to offer. Give advice to Mr. Mat whether it would be more beneficial to start a Company or an Individual Trading Business. outline for Mr. Mat why setting up either a company, or a trading as business is more advantageous over the other. cover matters like: Tax rates, Available tax reliefs and or tax credits Ease of operations of a company, as well as ease of operations of an individual trading business.

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Answer 2

Question

Chapter 12, Problem 3E

1.

Summary Introduction

Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Prepare:

Operating activity section of cash flow by indirect method.

2.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Three major reason that company has net loss and positive cash from operating.

3.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Major causes of difference between cash flow and the net income.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 3E

1.

Summary Introduction

Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Prepare:

Operating activity section of cash flow by indirect method.

2.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Three major reason that company has net loss and positive cash from operating.

3.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Major causes of difference between cash flow and the net income.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 3E

1.

Summary Introduction

Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Prepare:

Operating activity section of cash flow by indirect method.

2.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Three major reason that company has net loss and positive cash from operating.

3.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Major causes of difference between cash flow and the net income.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 3E

1.

Summary Introduction

Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Prepare:

Operating activity section of cash flow by indirect method.

2.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Three major reason that company has net loss and positive cash from operating.

3.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Major causes of difference between cash flow and the net income.

Answer 6

Chapter 12, Problem 3E

1.

Summary Introduction

Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Prepare:

Operating activity section of cash flow by indirect method.

Answer 7

Chapter 12, Problem 3E

1.

Summary Introduction

Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Prepare:

Operating activity section of cash flow by indirect method.

Answer 8

2.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Three major reason that company has net loss and positive cash from operating.

Answer 9

2.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Three major reason that company has net loss and positive cash from operating.

Answer 10

3.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Major causes of difference between cash flow and the net income.

Answer 11

3.

Summary Introduction

Concept Introduction:

Cash Flow Statement: Cash flow statement tells company about the inflow and outflow of the cash into the business. From cash flow it is easier to find out the liquidity of the business. For a normal person cash flow is more important than the income statement.

To Explain:

Major causes of difference between cash flow and the net income.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 12 - What is the reporting purpose of the statement of...Ch. 12 - Prob. 2DQ Ch. 12 - Prob. 3DQ Ch. 12 - Describe the direct method of reporting cash flows...Ch. 12 - Prob. 5DQ Ch. 12 - Prob. 6DQ Ch. 12 - Prob. 7DQ Ch. 12 - Prob. 8DQ Ch. 12 - Prob. 9DQ Ch. 12 - Prob. 10DQ

Solution Summary: The author explains that Cash Flow Statement tells company about the inflow and outflow of the cash into the business.

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Chapter 12 Solutions