Question: Wk 3-2 Please explain for better understanding Please view the following website https://www.pfizer.com/sites/default/files/investors/financial_reports/annual_reports/2015/assets/pdfs/pfi2015ar-entire-site.pdf Does the firm employ the direct or indirect method of accounting for

Wk 3-2 Please explain for better understanding Please view the following website

https://www.pfizer.com/sites/default/files/investors/financial_reports/annual_reports/2015/assets/pdfs/pfi2015ar-entire-site.pdf

  • Does the firm employ the direct or indirect method of accounting for operating cash flows?
  • Why does the firm account for the changes in balances in operating accounts (e.g., accounts receivable, inventory, and accounts payable) in determining operating cash flows as net of acquisitions and divestitures?
  • Describe the accounting for cash paid for business acquisitions in the statement of cash flows.
  • Describe the accounting for any non-controlling subsidiary interest and any other business combination-related items in the consolidated statement of cash flows.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Managerial Accounting - 6th Edition by James Jiambalvo Chapter 14 - Problems 13, 14, and 15 (see attachment) Problem 14-13. Common-Size Financial Statements (p.564) Problem 14-14. Horizontal Analysis...

Q:

Managerial Accounting - 6th Edition by James Jiambalvo Chapter 14 - Problems 13, 14, and 15 (see attachment) Problem 14-13. Common-Size Financial Statements (p.564) Problem 14-14. Horizontal Analysis...

Q:

Managerial Accounting - 6th Edition by James Jiambalvo Chapter 14 - Problems 13, 14, and 15 (see attachment) Problem 14-13. Common-Size Financial Statements (p.564) Problem 14-14. Horizontal Analysis...

Q:

Case: Replacement Decisions Falconville Pump Company, Inc. Brandon Joiner, president and chief executive officer of Falconville Pump Company, Inc., has a potentially serious problem on his hands. The...

Q:

Please calculate the RNOA, operating profit margin, and net operating asset turnover for 2013. Please also explain how you got these answers? I would like some guidance so I can solve for 2012 on my...

Q:

Hi, This subject is financial accounting, here is a short essay type question, approximately 5 paragraphs. ''Drawing on private interest theory, what powers do you believe the Australian Accounting...

Q:

Hi, I was wondering if you could please help me with my CAFR project, I have been assigned the state of Virginia. Please find the attached assignment. Its Urgent please. 1 St. John's University The...

Q:

List four basic financial statement analysis procedures, describe how you would calculate each procedure and discuss why you would use each procedure. In your initial response, please do not use...

Q:

Based on Chapter 3 "Operational Finance", describe how ratio analysis can be useful to operations management e system: Teaching Medicine, 329(14) mpetitive business CT: Greenwood 10 ad how they work....

Q:

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

Q:

A large industrial tank of volume 200 m3 is filled with steam at 450oC and 150 kPa. Determine (a) The pressure (p). (b) Quality of steam when the temperature drops to 25oC due to heat loss. (c) If...

Q:

1. What is the role of analytics and Big Data in modern-day politics? 2. Do you think Big Data Analytics could change the outcome of an election? 3. What do you think are the challenges, the...

Q:

calculate the 2 0 2 4 depreciation for residential rental real property costing 1 5 0 0 0 0 0 0 put in service on 5 / 1 1 / 2 0 2 4

Q:

Question 15 3 Points A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: Location Atlanta Phoenix FC...

Q:

3. Tactical/strategic information.

Q:

3. To retrieve information from memory.

Q:

2. Value-oriented information and