Roberts Company provided the following information: Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2

Question:

Roberts Company provided the following information:

Roberts Company

Comparative Balance Sheets

At December 31, 20X1 and 20X2

..........................20X1........................20X2

Cash.................$350,000................$565,000

Required:

1. Calculate the change in cash.

2. Explain the role of the change in cash flow in the statement of cash flows.

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Managerial Accounting The Cornerstone of Business Decision Making

ISBN: 978-1337115773

7th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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Question Posted: Jun 14, 2017 07:34 AM

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Roberts Company provided the following information: Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2

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1 Change in cash 565000 350000 2...View the full answer

Managerial Accounting The Cornerstone of Business Decision Making

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