Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN: 9781305654174
Author: Gary A. Porter, Curtis L. Norton
Publisher: Cengage Learning
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Chapter 2, Problem 2.8AP

1.

To determine

Concept Introduction:

Cash flow statement is a statement which records all the inflow of cash and outflow of cash. Cash flow statement is also helps to identify to liquidity of company. Net inflow is added or reduced from the opening cash balance to calculate closing cash balance.

To Prepare: Cash flow Statement.

2.

To determine

Concept Introduction:

Cash flow statement is a statement which records all the inflow of cash and outflow of cash. It also helps to identify to liquidity of company. Net inflow is added or reduced from the opening cash balance to calculate closing cash balance.

To Explain: Difference in income statement and cash flow statement.

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Financial Accounting: The Impact on Decision Makers

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