3.22 Accounting 211

3.22 Accounting 211 - activities. They should be disclosed...

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Accounting 211 Monday, March 22nd, 1999 Announcements: none Lecture notes: Chapter 27 Homework Questions 3. Statement of cash flows shows how a company's operating, investing, and financial activities have affected cash during an accounting period and explains the net increase or decrease in cash during the accounting period. 5. Operating activities (wages, taxes) Investing activities (purchasing of long-term activities) Financing activities (repayments of loans) 6. They need to be disclosed because they represent investing and financing
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Unformatted text preview: activities. They should be disclosed in a separate schedule as a part of the statement of cash flows. 9. They may have sold stuff or borrowed. 10. Sold for $13,000, an investing activity 11. A and B are both non-cash transactions Short Exercises 1. 1) b 3) a 5) c 2) c 4) d 6) c 4. Cash Flows from Financing Cash from Sales 190,000 Cash Payments for purchases- 250,000 Net Cash Flow- 60,000 Cash Flows from Investing Purchase of Investments- 250,000 Sale of Investments 190,000 60,000...
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3.22 Accounting 211 - activities. They should be disclosed...

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