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4 years ago

The list includes all balance sheet accounts related to cash from operating activities.

Business

1 answer:

ANTONII [103]4 years ago

6 0

Answer: Please see answers in explanation column

Explanation:

Using the indirect method.

Balance Sheet Accounts Case X Case Y Case Z

Net Income $4,000 $100,000 $72,000

Adjustments to reconcile net income to net cash provided by operations:

Depreciation $30,000 $8,000 $24,000

Account Receivables $-40,000 $-20,000 $4,000

Inventory $20,000 $10,000 -$10,000

Account Payable $24,000 -$22,000 $14,000

Accrued Liability -$44,000 $12,000 -$8000

Cash Flows from operating

activities -$6,000 $88,000 $96,000

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A set period of time, such as a calendar year or fiscal year, is referred to as an accounting period in which income balance of whole month is calculated.
It is used for performing, aggregating, and analyzing accounting operations.
The accounting period is helpful for investing because prospective investors can assess a company's success by looking at its financial statements, which are based on a set accounting period.

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Accruals, deferrals, and estimations are the three forms of Month-End Adjusting Entry that are most frequently used.

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Companies and governments utilize fiscal years, which are one-year periods, for financial reporting and planning.
The most typical accounting period utilized to create financial statements is a fiscal year.
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Know more about Accounting Period brainly.com/question/14880780

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