Cash Flows 230 10 worksheet

Cash Flows 230 10 worksheet - Name _ Worksheet Cash Flows...

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Name ____________________________ Worksheet Cash Flows ASC 230-10 1. How is the Statement of Cash Flows useful to investors and creditors? A statement of cash § flows shall report the cash effects during a period of an entity's operations, its investing transactions, and its financing transactions. 2. Define a cash equivalent and give several examples. Cash equivalents are short-term, highly liquid investments that have both of the following characteristics: a. Readily convertible to known amounts of cash b. So near their maturity that they present insignificant risk of changes in value because of changes in interest rates. For example, both a three-month U.S. Treasury bill and a three-year U.S. Treasury note purchased three months from maturity qualify as cash equivalents 3. Define operating cash flows per the Codification and give examples. A reconciliation of net income and net cash flow from operating activities §, which generally provides information about the net effects of operating transactions and
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Cash Flows 230 10 worksheet - Name _ Worksheet Cash Flows...

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