discuss how to prepare a statement of cash flows using the direct method?
discuss how to prepare a statement of cash flows using the direct method?
Homework Answers
Preparation of cash flow statement under direct method.
Simply, under direct method, all receipts are added and all spendings are deducted to arrive at net cash flows.
The activities are usually divided into 3 categories,
- Operating activities,
- Investing activities,
- Financing activities.
The cash receipts and payments for each of these activities should be shown one after the other in order that the user will have a clarity on the type of cash flows.
The statement should start with opening cash balance and end with closing cash balance after considering cash flows from each of the activities listed above.
You can find the preforma cash flow statement by having a search in the internet.
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discuss how to prepare a statement of cash flows using the
direct method?
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i need help
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Prepare a statement of cash flows, using the direct method of presenting cash flows from operating...
Prepare a statement of cash flows, using the direct method of
presenting cash flows from operating activities. Be sure to
complete the heading of the statement. Refer to the Labels and
Amount Descriptions list provided for the exact wording of the
answer choices for text entries. Enter amounts that represent cash
outflows as negative numbers using a minus sign. No income
statement provided.
Updated: Sorry for forgetting the income statement.
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in order to prepare the statement of cash flows for royal
corporation for 2018 direct method
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i need help
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presenting cash flows from operating activities. Be sure to
complete the heading of the statement. Refer to the Labels and
Amount Descriptions list provided for the exact wording of the
answer choices for text entries. Enter amounts that represent cash
outflows as negative numbers using a minus sign. No income
statement provided.
Updated: Sorry for forgetting the income statement.
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On a statement of cash flows prepared by using the direct method, cash receipts from interest and dividends are classified as: O A. financing activities O B. investing activities O C. operating activities OD. noncash activities.
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