Technology Solutions format for the statement of cash flows was corrupted by a computer virus, as follows:
Question:
Technology Solutions’ format for the statement of cash flows was corrupted by a computer virus, as follows:
TECHNOLOGY SOLUTIONS
Statement of Cash Flows
For the year ended December 31, 2015
Cash at the beginning of the period ………………………………. $$$
Cash at the end of the period …………………………………….. $$$
Net increase (decrease) in cash …………………………………… $$$
Cash Flows from Financing Activities
List of cash inflows and outflows from financing activities
Net cash flows from financing activities ………………………… $$$
Noncash Activities
List of noncash transactions …………………………………….. $$$
Cash Flows from Investing Activities
List of cash inflows and outflows from investing activities
Net cash flows from investing activities ……………………….. $$$
Cash Flows from Operating Activities
List of items adjusting net income to operating cash flows
Adjustments for noncash effects
Net income
Net cash flows from operating activities………………………… $$$
Step by Step Answer:
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann