What method is used to prepare the cash flow statement for eBay and Walmart? Indirect or...
What method is used to prepare the cash flow statement for eBay and Walmart? Indirect or Direct? Explain why the method is used.
Homework Answers
Though there are two methods for preparing cash flow statements i.e, Direct and Indirect, most of the companies use Indirect method only.
Even the large companies like eBay and Walmart use indirect method for preparing cash flows.
The reason behind it is, indirect method is simpler when compared to direct and it follows accural basis.
Add Answer to:
What method is used to prepare the cash flow statement for eBay
and Walmart? Indirect or...
Prepare an INDIRECT statement of cash flow! Do not prepare a direct method statement. SHOW EXCEL...
Prepare an INDIRECT statement of cash flow! Do not prepare a direct method statement. SHOW EXCEL FORMULAS! Net income $100,000 Cash December 31, 2018 $500,000 Cash December 31 2019 ??????? Depreciation Expense $1,000 Increase in inventory $2,000 Decrease in accounts payable $3,000 Increase in Prepaid insurance $4,000 Purchased stock $5,000 Purchased land $6,000 Paid mortgage $7,000 Paid car loan $2,200 Increase in wages payable $3,300
There are two methods to prepare the statement of cash flows. The Direct & Indirect method....
There are two methods to prepare the statement of cash flows. The Direct & Indirect method. Which method do you prefer and why? Give specific reasons or examples.
Discuss differences between Direct and Indirect methods to prepare a Statement of Cash Flow.
Discuss differences between Direct and Indirect methods to prepare a Statement of Cash Flow.
Suppose CO company uses the indirect method to prepare the cash flow statement. Indicate which of...
Suppose CO company uses the indirect method to prepare the cash flow statement. Indicate which of the following items will appear in the cash flow from the operating activities section of the cash flow statement. [Tick all that apply]. Software development costs capitalized Provision for impairments and asset disposals Share based compensation expense Uncollectible accounts receivables written oF Cash paid to purchase available-for-sale securities Cash received from sale of company’s own long-term bonds Dividends received from companies accounted by equity...
Suppose AF company uses the indirect method to prepare the cash flow statement. Indicate which of...
Suppose AF company uses the indirect method to prepare the cash flow statement. Indicate which of the following items will appear in the cash flow from financing activities section of the cash flow statement. [Tick all that apply]. Cash paid to buy back bonds Cash paid to buy back company's own stock Cash paid to purchase equipment. Cash proceeds from the sale of the equipment Depreciation expense Dividends paid Gain on the sale of the equipment Interest expense
Prepare a statement of cash flow using the indirect method for this year and determine the...
Prepare a statement of cash flow using the indirect method for
this year and determine the free cash flow. I have completed this
this but I want to make sure my numbers add up correctly and not
just a coincidence.
Excel Assignment #1 - Statement of Cash Flow Spring Semester Northern Illinois Manufacturing prepared the balance sheet and income statement for this year. Now the company needs to prepare its statement of cash flow. The comparative balance sheets for Northern...
Does CVS use the indirect or direct method to prepare their statement of cash flows?
Does CVS use the indirect or direct method to prepare their statement of cash flows?
Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method...
Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method and the direct method. The indirect method is used extensively in practice even though the F.A.S.B. has expressed a preference for the direct method. In your initial post, discuss the similarities and differences between the direct and indirect methods, and the advantages of using each method. Your answer should illustrate understanding of the cash flow statement. A minimum of 200 to 200 words is...
Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method...
Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method and the direct method. The indirect method is used extensively in practice even though the F.A.S.B. has expressed a preference for the direct method. In your initial post, discuss the similarities and differences between the direct and indirect methods, and the advantages of using each method. Your answer should illustrate understanding of the cash flow statement. A minimum of 200 to 200 words is...
Describe the differences and similarities between a cash flow statement prepared using the indirect method and...
Describe the differences and similarities between a cash flow statement prepared using the indirect method and one prepared using the direct method.
Prepare a statement of cash flow using the indirect method for
this year and determine the free cash flow. I have completed this
this but I want to make sure my numbers add up correctly and not
just a coincidence.
Excel Assignment #1 - Statement of Cash Flow Spring Semester Northern Illinois Manufacturing prepared the balance sheet and income statement for this year. Now the company needs to prepare its statement of cash flow. The comparative balance sheets for Northern...
Most questions answered within 3 hours.
-
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 2 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 1 hour ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 2 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 2 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 2 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 2 hours ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 2 hours ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 3 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 2 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 2 hours ago -
International ethics focus on:
1) exploitation of labor
2)corruption
3) environmental impact
4) none of the...
asked 2 hours ago -
Costing Models You work for XYZ trucking and your boss has asked
you to figure out...
asked 2 hours ago