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Q. Explain about statement of cash flows?
Retained earnings usually consist of the accumulated net income of the corporation minus dividends distributed to stockholders. We examine these items later in the text. Currently merely note that the balance sheet heading comprise the name of the organization and the title and date of the statement. Notice as well that the dollar amount of the total assets is equal to the claims on (or interest in) those assets. The balance sheet demonstrates these claims under the heading Liabilities and Stockholders' Equity. Administration is interested in the cash inflows to the company and the cash outflows from the company for the reason that these determine the company's cash it has available to pay its bills when due. The statement of cash flows demonstrates the cash inflows and cash outflows from investing, operating and financing activities. Operating activities generally comprise the cash effects of transactions and other events that enter into the determination of net income. Investing activities usually include business transactions involving the acquisition or disposal of long-term assets such like buildings, land and equipment. Financing activities usually include the cash effects of transactions and other events involving creditors and owners stockholders.
It explains the statement of cash flows in detail. Our principle here is to merely introduce this important financial statement. Usually a firm prepares a statement of cash flows for the same time period as the income statement. At this end in the course you require to understand what a statement of cash flows is rather than how to prepare it.
Adjustments for financial reporting - Explain the basic characteristics of the cash basis and the accrual basis of accounting. - Recognize the reasons why adjusting entries
Determine the Purchasing Procedures Alarge company would use a "purchasing agent" who heads purchasing department. Small companies would use manager/owner, etc. Seller recei
Fund flow deals with transaction within financial year (One year) while Cash flow Statement record only the cash transaction.
Q. Explain about Accrual basis and periodicity? Accrual basis and periodicity demonstrated that financial statements more accurately reflect the financial status and operations
The capital structure of Wild West Inc. is as follows: - Debts: $5,000,000 (face value) bonds with coupon rate at 8.00% and present price at par - Preferred shares: $2,000
Acme Inc. has total liabilities of $120,000, total sales of $80,000, net income of $12,000, current assets of $90,000 and total assets of $150,000. What is the debt to equity rat
Determine the terms of Recording sales of merchandise The SALES ACCOUNT is a temporary account with a normal credit balance. It's ONLY used to record sale of merchandise on
Using 2012 as the base year, prepare a trend anslysis for the data that follow, and tell whether the results suggest a favorable or unfavorable trend.(round to one decimal place.
Different Methods Of depreciation Diminishing Value Method Straight Line Method Annuity Method Depletion Method Written Down value Method
what is accounting equation and introduction
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