Kansai Electric supplies power to an area of Japan that includes Osaka and Kyoto. Its operating revenues
Question:
Net cash provided by operating, investing, and financing activities ... ¥ 18,228
Effect of exchange rate changes on cash and cash equivalents ..... (303)
Net increase in cash and cash equivalents ............. 17,925
Cash and cash equivalents, beginning of year ............ 77,525
Cash and cash equivalents, end of year ............... ¥ 95,450
Is the effect of exchange rate changes on cash and cash equivalents a cash flow? Explain why Kansai Electric included it on the company’s cash flow statement.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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