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Elanso [62]
3 years ago
11

American General Company experienced the following accounting events during 2014:

Business
1 answer:
12345 [234]3 years ago
4 0

Answer:

1.  Operating Activities (OA)

2. Financing Activities (FA)

3. Financing Activities (FA)

4. Investing Activities (IA)

5. Operating Activities (OA)

6.  Operating Activities (OA)

7. Investing Activities (IA)

8. Financing Activities (FA)

9. Not applicable (NA)

10. Financing Activities (FA)

Explanation:

Statement of cash flows is one of the three major financial statements. The statement analyses the cash generated and cash expended by an entity in a given period. The statement collates the analysis under three categories

1. Operating Activities

2.Investing Activities

3.Financing Activities

Operating activities comprise of cash generated and expended by the entity on its normal business operation during the period. Examples of this are cash received from customers, cash paid to suppliers, rent paid to landlord, cash expenses paid etc.

Investing activities consist of cash activities involving acquisition and disposal of assets and investment. Examples of such are cash receipt from sales of equipment, cash spent on purchase of investment securities.

Financing activities are cash activities involving the entity and provider of capital, equity owner and debt holder. Example of such activities are cash generated from issuance of bond, cash dividend paid to equity owner.

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Each of the following statements describes how the political and legal environment encourages productivity EXCEPT: A. Well-defin
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Explanation:

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Answer:

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1. Prepare an income statement for the year ended, December 31, 2021

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Service revenue

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Salaries expense

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Earnings for the year

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Fightin' Blue Hens Corporation statement of stockholder equity for the year ended , December 31, 2021.

Details

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Retained earnings

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3. Prepare a classified balance sheet as at 31, December

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Details

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Net fixed assets

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Interest payable

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Stockholder equity

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