
Concept explainers
Exercise l6..18B
Direct: Preparing statement of
P1 P3 P5
The following summarized Cash T- account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017.
1. Use this information topp a complete statement of cash flows for year 2017. The cash provided or used by operating activities should be reported using the direct method.
2. Refer to the statement of cash flows prepared for part ito answer the following questioi a through d: (a) Which section-operating, investing, or financing-shows the largest cash (1) inflow and (ü) outflow? (b) What is the largest individual item among the investing

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Chapter 16 Solutions
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