Statement of cash flow – Spreadsheet method Statement of cash flows : It is one of the financial statement that shows the cash and cash equivalents of a company for a particular period. It determines the net changes in cash through reporting the sources and uses of cash due to the operating, investing, and financing activities of a company. Spreadsheet method: The statement of cash flows also can be prepared as a spreadsheet. The spreadsheet for the statement of cash flow starts with the beginning balance and ends with the ending balances of accounts of the balances sheet. The spread includes two extra columns between the ending and beginning balance columns. One column is for debit and other for credit balance. To Prepare: Statement of cash flows using the spreadsheet in indirect method.

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Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 14, Problem 14.38AP

To determine

Statement of cash flow – Spreadsheet method

Statement of cash flows: It is one of the financial statement that shows the cash and cash equivalents of a company for a particular period. It determines the net changes in cash through reporting the sources and uses of cash due to the operating, investing, and financing activities of a company.

Spreadsheet method:

The statement of cash flows also can be prepared as a spreadsheet.

The spreadsheet for the statement of cash flow starts with the beginning balance and ends with the ending balances of accounts of the balances sheet.

The spread includes two extra columns between the ending and beginning balance columns. One column is for debit and other for credit balance.

To Prepare: Statement of cash flows using the spreadsheet in indirect method.

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Using a spreadsheet to prepare the statement of cash flows—indirect method The 2018 comparative balance sheet and income statement of Attleboro Group, Inc. follow. Attleboro disposed of a plant asset at book value in 2018. Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $13,600. There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash.

Using a spreadsheet to prepare the statement of cash flows—indirect method The 2018 comparative balance sheet and income statement of Appleton Group, Inc. follow. Appleton disposed of a plant asset at book value during 2018. Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depredation of the disposed asset was $11,600. There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash.

What amount was reported on the statement of cash flows as “cash flow from sale of equipment? Blue Spruce Corp.’s income statement reported a loss on the disposal of plant assets of $4,589.

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Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 14, Problem 14.38AP

To determine

Statement of cash flow – Spreadsheet method

Statement of cash flows: It is one of the financial statement that shows the cash and cash equivalents of a company for a particular period. It determines the net changes in cash through reporting the sources and uses of cash due to the operating, investing, and financing activities of a company.

Spreadsheet method:

The statement of cash flows also can be prepared as a spreadsheet.

The spreadsheet for the statement of cash flow starts with the beginning balance and ends with the ending balances of accounts of the balances sheet.

The spread includes two extra columns between the ending and beginning balance columns. One column is for debit and other for credit balance.

To Prepare: Statement of cash flows using the spreadsheet in indirect method.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 14, Problem 14.38AP

To determine

Statement of cash flow – Spreadsheet method

Statement of cash flows: It is one of the financial statement that shows the cash and cash equivalents of a company for a particular period. It determines the net changes in cash through reporting the sources and uses of cash due to the operating, investing, and financing activities of a company.

Spreadsheet method:

The statement of cash flows also can be prepared as a spreadsheet.

The spreadsheet for the statement of cash flow starts with the beginning balance and ends with the ending balances of accounts of the balances sheet.

The spread includes two extra columns between the ending and beginning balance columns. One column is for debit and other for credit balance.

To Prepare: Statement of cash flows using the spreadsheet in indirect method.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 14, Problem 14.38AP

To determine