UPENN: LOOSE LEAF CORP.FIN W/CONNECT
UPENN: LOOSE LEAF CORP.FIN W/CONNECT
17th Edition
ISBN: 9781260361278
Author: Ross
Publisher: McGraw-Hill Publishing Co.
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Chapter 2, Problem 24QP
Summary Introduction

To determine: The financial statements of cash flows, using the accounting statement of cash flows.

Introduction:

Accounting statements of cash flows indicates how the items in the balance sheet and income statements affect the cash and cash equivalents of the business. This statement is classified into three categories, which are as follows:

  • Operating activities,
  • Investing activities,
  • Financing activities.

Financial cash flow deals with the perspective of finance. The ability to generate cash for the business is determined in the financial cash flow statements.

The financial statement of cash flows is categorized into the following:

  • Cash flow from assets;
  • Cash flow to creditors;
  • Cash flow to stockholder.

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Chapter 2 Solutions

UPENN: LOOSE LEAF CORP.FIN W/CONNECT

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