2. What is the difference between profit shown on an income statement and cash flows from...
2. What is the difference between profit shown on an income statement and cash flows from a project?
Homework Answers
The Income statement shows the financial performance of an entity over a given period of time but the cash flow statement shows the movement of cash i.e outflows and inflows of cash in an entity over a given period of time. Hence, the income statement also considers non-cash items like depreciation and gain/loss from sale while computing profit, but in case of cash flow statement, as these do not affect cash, these items are ignored.
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2. What is the difference between profit
shown on an income statement and cash flows from...
What is the difference in the Statement of Cash Flows between a governmental entity and a...
What is the difference in the Statement of Cash Flows between a governmental entity and a not-for-profit entity? Explain.
What's the difference between the Statement of Cash Flows and the beginning and ending cash on...
What's the difference between the Statement of Cash Flows and the beginning and ending cash on the Balance Sheet? What should the net change in cash section of the statement of cash flows always reconcile with?
purposes of the Income Statement, the Balance Sheet and the Statement of Cash Flows. What information...
purposes of the Income Statement, the Balance Sheet and the Statement of Cash Flows. What information is shown on the Statement of Cash Flows that is not reported on either the Income Statement or the Balance Sheet? Describe some typical items shown in the operating section of a Statement of Cash Flows. Describe some typical items shown in the investing section of a Statement of Cash Flows. Describe some typical items shown in the financing section of a Statement of...
Describe the difference between profit and cash. What are the differences between cash from operating activities,...
Describe the difference between profit and cash. What are the differences between cash from operating activities, cash from investing activities, and cash from financing activities?
What are the differences between cash flows from operating activities and the elements of an income...
What are the differences between cash flows from operating activities and the elements of an income statement?
Is there a difference in the reporting of the Statement of Cash Flows between public universities...
Is there a difference in the reporting of the Statement of Cash Flows between public universities and private universities? Explain.
2. Cash flows from operating activities (indirect and direct methods). Presented below is the income statement...
2. Cash flows from operating activities (indirect and direct methods). Presented below is the income statement of Cowan, Inc.: $380,000 Sales revenue 225,000 $155,000 Cost of goods sold Gross profit Operating expenses Income before income taxes 95.000 60,000 24.000 S 36,000 Income taŃ…es Net income In addition, the following information related to net changes in working capital is presented: Credit Debit $12,000 25,000 Cash Accounts receivable Inventories Salaries payable (operating expenses) Accounts payable Income taxes payable $19,400 8,000 14,000 3,000...
1. What is the difference between Net Income and Net Profit? According to other statements Net...
1. What is the difference between Net Income and Net Profit? According to other statements Net Income is the amount a company gets after deducting preferred dividends. Net profit is the pure profit earned from company after taxes less expenses. 2. According to financial (Income Statements), why is the last line in this (income statement) called Net Income and not Net Profit instead. Since Net Income involves deducting preferred dividends and the Income statement doesn't deduct dividends.
1. Describe the difference between Net Income, Net Cash Flow (from cash flow statement) and Free...
1. Describe the difference between Net Income, Net Cash Flow (from cash flow statement) and Free Cash Flow. Explain why free cash flow is the most useful metrics for investors.
the statement of cash flows has an investing and financing activities section. What is the difference...
the statement of cash flows has an investing and financing activities section. What is the difference between these two sections? Can you provide an example of a financing activity or an investing activity?
What's the difference between the Statement of Cash Flows and the beginning and ending cash on the Balance Sheet? What should the net change in cash section of the statement of cash flows always reconcile with?
2. Cash flows from operating activities (indirect and direct methods). Presented below is the income statement of Cowan, Inc.: $380,000 Sales revenue 225,000 $155,000 Cost of goods sold Gross profit Operating expenses Income before income taxes 95.000 60,000 24.000 S 36,000 Income taŃ…es Net income In addition, the following information related to net changes in working capital is presented: Credit Debit $12,000 25,000 Cash Accounts receivable Inventories Salaries payable (operating expenses) Accounts payable Income taxes payable $19,400 8,000 14,000 3,000...
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