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Operating Activity: Operating activity is the first part of the cash flow statement. The main focuses of the operating activity on the
Financial Activity: Financial activity is the part of the cash flow statement. Financial activity involves the long term liability, borrowing and
Investing Activity: investing activity is the third part of the cash flow statement which gives the information related to the acquisition and disposal of the long term assets of the company such as land and building, investment and plant.
To Identify: Interest on borrowing is reported in the financial activities.
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Chapter 12 Solutions
Managerial Accounting + Connect Access Card
- provide correct answer mearrow_forwardHyundai Company had beginning raw materials inventory of $29,000. During the period, the company purchased $115,000 of raw materials on account. If the ending balance in raw materials was $18,500, the amount of raw materials transferred to work in process inventory is?arrow_forwardComputing the gross profit percentage Edible Art earned net sales revenue of $75,050,000 in 2019. The cost of goods sold was $55,650,000, and net income reached $13,000,000, the company s highest ever. Compute the company s gross profit percentage for 2019.arrow_forward
- correct answer pleasearrow_forwardComputing the gross profit percentage Edible Art earned net sales revenue of $75,050,000 in 2019. The cost of goods sold was $55,650,000, and net income reached $13,000,000, the company s highest ever. Compute the company s gross profit percentage for 2019. Answerarrow_forwardNeed help this questionarrow_forward
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