statement of cash flows
Purpose is to explain the change in cash
Why did cash increase?
Why did cash decrease?
120000 up by 20000
1.) Operating Activities
ALL THREE HAVE TO EQUAL
Day to Day
(5 min.) S 10-1
Transferability of ownership
Limited liability of the stockholders
Ease of raising capital
Double taxation of distribut
File: ch11.rtf, Chapter 11, Managing for Ethics and Social Responsibility in a Global
1. Spouses of high level expatriate managers generally serve in a corporate ambassador role.
Response: See page 400.
Plant Assets & Intangibles
(5 min.) S 7-1
1. Property and Equipment, at Cost
Package handling and ground support
Computer and electronic equipment.
Facilities and ot
Which one of the following is not an objective of a system of internal controls?
a. Safeguard company assets
b. Overstate liabilities in order to be conservative
c. Enhance the accuracy and reliability of accounting records
d. Increase efficiency of
Short-Term Investments & Receivables
(5 min.) S 5-1
1. Trading investments are reported at their current market value.
2. A trading investment is always a current asset because the investor
intends to sell the trading investment
Internal Control & Cash
(5 min.) S 4-1
Fraud is an intentional misrepresentation of facts, made for the
purpose of persuading another party to act in such a way that causes
injury or damage to that party.
The Three Components of
The Financial Statements
(5 min.) S 1-1
Computed amounts in boxes
(5 min.) S 1-
NOVA SOUTHEASTERN UNIVERSITY
H. Wayne Huizenga School
of Business and Entrepreneurship
I. COURSE NUMBER AND TITLE
ACTP 5001 - Introductory Accounting
Mario J. Perez, CPA
Email: [email protected]
The Statement of Cash Flows
(10 min.) S 12-1
The statement of cash flows helps investors and creditors:
a. Predict future cash flows by reporting past cash receipts and
payments, which are reasonably good predictors of future ca