Question

Consider the following transactions pertaining to Retail Traders Company. Amounts in parentheses indicate a decrease in the account.


Required:
1. Based on this information, prepare an income statement and statement of cash flows.
2. Provide an intuitive explanation of how the adjustments made to net income in the cash flow statement convert the accrual numbers to cash flownumbers.


$1.99
Sales1
Views57
Comments0
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000