Archive for February 27th, 2010
Can anyone make the statement of cash flow by using these information?
NINA asked:
Ticket revenue122m
product sales140m
cogs 80m
sal exp 100m
operating expense 20m
deprec.expense 3m
income tax expense 12m
changes in balance sheet accounts are as follows:
A/R 2m Accounts Receivable
Equip 4m
A/P Account Payable(5m) decrease
S/P Salary Payable(1m) decrease
Income tax payable 2m
accrued liability 8m
common stock 18m
Retained earnings 29m
Prepare a statement of cash flows using the direct method.
Sandy Contraras
Ticket revenue122m
product sales140m
cogs 80m
sal exp 100m
operating expense 20m
deprec.expense 3m
income tax expense 12m
changes in balance sheet accounts are as follows:
A/R 2m Accounts Receivable
Equip 4m
A/P Account Payable(5m) decrease
S/P Salary Payable(1m) decrease
Income tax payable 2m
accrued liability 8m
common stock 18m
Retained earnings 29m
Prepare a statement of cash flows using the direct method.
Sandy Contraras
Can you explain me about Cash Flow Statement?
Muhammad asked:
I have read my text book thrice and still cannot understand about cash flow statement’s chapter.
I would like you to explain me how to draft its statement, including its usages for the business. Moreover, if you can then please also mention few relevant websites from where I can find about it.
Daniel
I have read my text book thrice and still cannot understand about cash flow statement’s chapter.
I would like you to explain me how to draft its statement, including its usages for the business. Moreover, if you can then please also mention few relevant websites from where I can find about it.
Daniel