Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

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Answer 1

Question

Chapter 12, Problem 3P

1.

To determine

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

2.

To determine

Explain the major sources and uses of cash by Incorporation S for the current year.

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128361 MENTS was extracted by as at 30 June 2018. als to agree. 30 June 2018 Dr with each other. Trial Balance as at 31 December 2017 32.7X D. Fearon extracted the following trial balance from his books. He could not get the totals to agree Dr Cr Cr $ $ $ $ 87,050 Capital 25,621 62,400 Drawings 13,690 110° 305 410 Sales 94,630 Multiple Each multipl answers: (A) question and (B), (C) or (D piece of pape of questions written atter When you your answer 3,168 Purchases 258 60,375 61 A debit 595 Returns inwards and outwards 1,210 1,109 10,000-35 Wages and salaries 2,000 14,371 12,490 Sundry expenses чут -598 8,120 5,045 Inventory 1.1.2017 8,792 168 account (A) we (B) we (C) we h that 6,790+85 Accounts receivable and accounts 16811,370 4,290 (D) we payable 4,520 Loan from J. Chandler 2000 62 Inventor 5,000 17,017 Equipment 16,000 period is 1,134 Bank 1500 (A) carri 5,790 109,522 109,522 Suspense (B) carri 1,546 (C) tran 132,196 132,196 nd: by $350. ercast by $100. 50, have been entered in n…

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Answer 2

Question

Chapter 12, Problem 3P

1.

To determine

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

2.

To determine

Explain the major sources and uses of cash by Incorporation S for the current year.

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Answer 3

Question

Chapter 12, Problem 3P

1.

To determine

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

2.

To determine

Explain the major sources and uses of cash by Incorporation S for the current year.

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Answer 4

Question

Chapter 12, Problem 3P

1.

To determine

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

2.

To determine

Explain the major sources and uses of cash by Incorporation S for the current year.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 3P

1.

To determine

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

2.

To determine

Explain the major sources and uses of cash by Incorporation S for the current year.

Answer 6

Chapter 12, Problem 3P

1.

To determine

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

Answer 7

Chapter 12, Problem 3P

1.

To determine

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

Answer 8

2.

To determine

Explain the major sources and uses of cash by Incorporation S for the current year.

Answer 9

2.

To determine

Explain the major sources and uses of cash by Incorporation S for the current year.

Answer 10

Expert Solution & Answer

Answer 11

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Answer 12

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Answer 13

Ch. 12 - Prob. 1Q Ch. 12 - 2. What information does the statement of cash...Ch. 12 - Prob. 3Q Ch. 12 - 4. What are the major categories of business...Ch. 12 - 5. What are the typical cash inflows from...Ch. 12 - Prob. 6Q Ch. 12 - 7. Explain why cash payments during the period for...Ch. 12 - 8. Explain why a $50,000 increase in inventory...Ch. 12 - Prob. 9Q Ch. 12 - Prob. 10Q

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

Prepare the statement of cash flows of Incorporation S for the current year ended December 31 using the direct method.

Explain the major sources and uses of cash by Incorporation S for the current year.

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Chapter 12 Solutions