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3 years ago

Preparation of a statement of cash flows involves five steps:

Business

1 answer:

adelina 88 [10]3 years ago

4 0

Answer:

Preparation of a statement of cash flows involves five steps

1. Compute net cash provided or used by operating activities.

This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.

2. Compute net cash provided or used by investing activities.

This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.

3. Compute net cash provided or used by financing activities.

This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.

4. Compute the net increase or decrease in cash

This is the section where the cash-flow from operating, investing and financing activities is been balanced.

5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.

After the cash-flow from operating, investing and financing activities is been calculated, Then, this section is also computed to derive the Closing/Ending cash balance

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Net income or net loss for a period is calculated by the following formula

V125BC [204]

<span>Revenues–Expenses–Current Debt = Net Profit or Net Loss

</span>

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3 years ago

Read 2 more answers

Jane has been operating Mansfield Park as a C corporation and decides she would like to make an S election. What is the earliest

podryga [215]

The earliest elections will come effective on January 1, 2016 for case a, b, d anf January 1, 2017 for rest options.

<h3>For different alternative scenarios:</h3>

a.) Jane is on top of things and makes the election on January 1, 2016.

January 1, 2016

b.) Jane is mostly on top of things and makes the election on January 15, 2016.

January 1, 2016

c.)Jane makes the election on February 10, 2016. She needed a little time to convince a C corporation shareholder to sell its stock to a qualifying shareholder. That process took all of January, and she was glad to have it over with.

January 1, 2017

d.)Jane makes the election on March 14, 2016.

January 1, 2016

e.)Jane makes the election on February 5, 2016. One of the shareholders refused to consent to the S election. He has since sold his shares (on January 15, 2016) to another shareholder who consented to the election.

January 1, 2017

To view similar question about election scenarios, refer to:

brainly.com/question/17101454

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3 0

2 years ago

Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily acti

kotykmax [81]

Answer:

consistency corporate culture.

Explanation:

Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future

3 0

3 years ago

Select all that apply. Select the items that describe what most likely happens when the Federal Reserve increases the money supp

11111nata11111 [884]

Answer:

Businesses borrow more money.

Consumption increases.

Explanation:

The Federal Reserve is the body responsible for conducting monetary policy in the US. Monetary policy basically consists of two actions. The increase / decrease in the money supply in the economy and the increase / decrease in the interest rate. These actions may happen together, but they are technically independent.

When the Federal Reserve increases the supply of money in circulation, more money is circulated through loans and personal spending. This is considered a policy of stimulating the economy and can be done independently of interest rate changes, although the reduction of interest is also a stimulus monetary policy that can be done in conjunction with the increase in the money supply.

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3 years ago

Which of the following is true about the ethics line

Arturiano [62]

Answer: All of the above

Explanation:

The options include:

a. It's available 24 hours a day, 7 days a week.

b. All reports are handled in a highly confidential manner.

c. You do not have to identify yourself on the call.

d. All of the above.

An ethics line refers to the anonymous on-line system which can be used by an employee to report bad behavior or something unethical or illegal.

Ethics line are typically available 24 hours a day, 7 days a week and reports made are confidential. Therefore, the correct option is "All of the above".

8 0

3 years ago