Cash Flow Statement:
Cash flow statement is a part of financial statement which reflects the
Operating Activities are main activities of the business and for which the business is meant to be established.
Investing activities are activities relating to activities of sale and purchase of fixed assets and long term investment.
The Financing Activities are activities relating to the issue and repayment of stocks, bonds, long term liabilities and also serving the cost related to such activities.
The preparation of Statement of
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ACCOUNTING PRINCIPLES 122 5/16 >C<
- NO WRONG ANSWERarrow_forwardCraft Company produces a single product. Last year, the company had a net operating income of $104,960 using absorption costing and $83,000 using variable costing. The fixed manufacturing overhead cost was $12 per unit. There were no beginning inventories. If 29,600 units were produced last year, then sales last year were: a. 7,640 units b. 51,560 units c. 31,430 units d. 27,770 unitsarrow_forwardIf revenue = $135 and variable cost = 45% of revenue, then contribution margin = $79.25. a. True. b. False.arrow_forward
- Equivalent units of production are equal to: a. The number of units that could have been started and completed given the costs incurred during the period. b. The number of finished units actually produced during a period. c. The number of units started into the process during a period. d. The number of units still in process at the end of a period. e. Physical units that were started and completed during a period.arrow_forwardGeneral accountingarrow_forwardNonearrow_forward
- I need Solutionarrow_forward6 pts accounting problemarrow_forwardIn August, one of the processing departments at T Corporation had beginning work in process inventory of $36,000 and ending work in process inventory of $28,000. During the month, $223,000 of costs were added to production. In the department's cost reconciliation report for August, the cost of units transferred out of the department would be $? Answerarrow_forward
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