ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
14th Edition
ISBN: 9781119709954
Author: Weygandt
Publisher: WILEY
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Chapter 3, Problem 3EYCT

(1)- (a)

To determine

Financial statements: Financial statements refer to those statements, which are prepared by the Company according to particular formats in accounting to show its financial position. Mainly Financial statements include following statements:

  • Cash flow statement
  • Income statement
  • Balance sheet

To determine: Change in the values of interest expense from 2012 to 2013 for A company and W company

(b)

To determine

Change in the values of net income from 2012 to 2013 for A company and W company

(c)

To determine

Change in the values of cash flow operations from 2012 to 2013 for A company and W company

2.

To determine

The reasons for difference in cash flow from operations and net income of A company and W company.

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