Swasey Company provided the following information: Swasey Company Comparative Balance Sheets At December 31, 20X1 and 20X2
Question:
Swasey Company provided the following information:
Swasey Company
Comparative Balance Sheets
At December 31, 20X1 and 20X2
20X1 20X2
Cash................$1,400,000.............$2,260,000
Required:
1. Calculate the change in cash.
2. Explain the role of the change in cash in the statement of cash flows.
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Related Book For
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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