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Business Accounting FINANCIAL ACCT-CONNECT

The statement of cash flows is prepared to know the position of cash and cash flows in the business. The cash flows are bifurcated into three categories; operating, investing and, financing. A statement of cash flows can be prepared using direct or indirect method. To identify: the cash generated (or used) by operating activities, by investing activities, and by financing activities. Statement of cash flows can be found in the company’s annual report for that year. This company has reported its consolidated statement of cash flows in its annual report. The amount of cash generated (or used) by operating activities, by investing activities, and by financing activities for the year ending Dec. 31, 2016 are reported as follows: In millions of Korean won Net cash generated from operating activities 47,385,644 Net cash used in investing activities -29,658,675 Net cash used in financing activities -8,669,514

The statement of cash flows is prepared to know the position of cash and cash flows in the business. The cash flows are bifurcated into three categories; operating, investing and, financing. A statement of cash flows can be prepared using direct or indirect method. To identify: the cash generated (or used) by operating activities, by investing activities, and by financing activities. Statement of cash flows can be found in the company’s annual report for that year. This company has reported its consolidated statement of cash flows in its annual report. The amount of cash generated (or used) by operating activities, by investing activities, and by financing activities for the year ending Dec. 31, 2016 are reported as follows: In millions of Korean won Net cash generated from operating activities 47,385,644 Net cash used in investing activities -29,658,675 Net cash used in financing activities -8,669,514

Solution Summary: The author explains that a statement of cash flows can be prepared using direct or indirect method to identify the cash generated (or used) by operating, investing, and financing activities.

FINANCIAL ACCT-CONNECT

FINANCIAL ACCT-CONNECT

8th Edition

ISBN: 9781266627903

Author: Wild

Publisher: INTER MCG

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FINANCIAL ACCT-CONNECT

Ch. 6 - List the seven braod principles of internal...Ch. 6 - Prob. 2DQ Ch. 6 - Prob. 3DQ Ch. 6 - Prob. 4DQ Ch. 6 - Prob. 5DQ Ch. 6 - Prob. 6DQ Ch. 6 - Prob. 7DQ Ch. 6 - Prob. 8DQ Ch. 6 - Prob. 9DQ Ch. 6 - Prob. 10DQ

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