Managerial Accounting
Managerial Accounting
16th Edition
ISBN: 9781260153132
Author: Ray H Garrison, Eric Noreen, Peter C. Brewer Professor
Publisher: McGraw-Hill Education
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Chapter 14.A, Problem 1E
To determine

Cash flow statement: It is used to show the inflow and outflow of cash along with the reason. The cash flow statement can be prepared using 2 methods:

  1. Direct Method
  2. Indirect Method

To prepare: The income statement on cash basis using the Direct Method.

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