Question: To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which items are used with each method.

To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which items are used with each method.
STATEMENT OF
CASH FLOWS METHOD
Cash Flows (and Related Changes) Direct Indirect
1. Accounts payable increase or decrease
2. Payments to employees
3. Cash collections from customers
4. Accounts receivable increase or decrease
5. Payments to suppliers
6. Inventory increase or decrease
7. Wages payable, increase or decrease
8. Depreciation expense
9. Net income
10. Cash flows from operating activities
11. Cash flows from investing activities
12. Cash flows from financing activities
13. Net increase or decrease in cash during the period

Step by Step Solution

★★★★★

3.33 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Comparison of Statement of Cash Flowsdirect and indirect reporting Cash Flows Statement of Ca... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

72-B-M-A-S-C-F (340).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

direct method Instructions Labels and Amount Descriptions Statement of Cash Flows X Instructions The comparative balance sheet of Canace Products Inc for December 31, 20Y6 and 20Y5, is as follows 1...

Indicate in which part of the statement of cash flows each item would appear: operating activities (O), investing activities (I), or financing activities (F). (a) _____ Cash received from customers....

The Investing Activities section of the statement of cash flows of Archer Daniels Midland Company (ADM), seller of agricultural commodities and products, follows. Based on the information given,...

To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which items are used with each method. Cash Flows (and Related Changes) 1. Accounts...

To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which line items are reported on the statement of cash flows with eachmethod....

To compare statement of cash flows reporting under the direct and indirect methods, select "Direct", "Indirect" or "Both" indicating the method in which the line items are reported on the statement...

value 5.00 points To compare statement of cash flows reporting under the direct and indirect methods, indicate which items are reported on the statement of cash flows with each method Cash Flows (and...

To compare statement of cash flows reporting under the direct and indirect methods, indicate which line items are reported on the statement of cash flows with each method. Statement of Cash Flows...

To compare statement of cash flow reporting under the direct and indirect methods, enter a check mark to indicate which items are used with each method. Cash Flows Statement of Cash Flows Method (and...

To compare the computation of cash flow from operations under the direct and indirect methods, enter check marks to indicate which items are used with each method. Cash Flows (and Related Changes) 1....

Lumberjacks Inc. is a manufacturer of chainsaws. Last year it had revenues of $50 million and net income of $15 million, after depreciation expense of $10 million. Capital expenditures were $16...

Suppose X has a Poisson distribution with a mean 4. Determine the following probabilities: (a) P(X = 0) (b) P(X

[ - / 1 2 . 5 Points ] Determine whether the integral is convergent or divergent. If it is c 0 1 1 x 6 d x Need Help?

If Jims adjusts its payout policy to 70% of net income, how will the net new financingchange? igures in $ millions Net sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT...

1. Use the job description, list of accountabilities, and other information provided above to create a list of three to four objectives for each accountability. Remember: To serve a useful function,...

What is the amount of net new financing needed for Jims (see MyFinanceLab for the data in Excel format)?

Assume that Jims pays out 90% of its net income. Use the percent of sales method to forecast (see MyFinanceLab for the data in Excel format): a. Stockholders equity b. Accounts payable

Jims expects sales to grow by 10% next year. Using the percent of sales method, forecast (see MyFinanceLab for the data in Excel format): a. Costs b. Depreciation c. Net income d. Cash e. Accounts...

Construct the two-way ANOVA table in terms of sources and degrees of freedom.

On January 1, 2012, Wilmes Floral supplies borrowed $2,413 from Bower Financial Services. Wilmes Floral Supplies gave Bower a $2,500 note with a maturity date of December 31, 2013. The note specified...

Morrow Enterprises purchased a building on January 1, 2012, in exchange for a three-year, non-interest bearing note with a face value of $693,000. Independent appraisers valued the building at...

The following information was extracted from the financial record of Leong Cosmetics: (a) What is the effective interest rate on the notes payable? (b) Prepare the journal entry to record interest...

OConnell & Co. expects its EBIT to be $66,000 every year forever. The firm can borrow at 8 percent. OConnell currently has no debt, and its cost of equity is 14 percent and the tax rate is 35...

Using Arka's decision rule, what is the power of the hypothesis test if the machine is actually filling boxes with an average of 525 grams? That is, calculate the chance of observing a sample mean...

A portfolio has 25% of its funds invested in Security C and 75% of its funds invested in Security D. Security C has an expected return of 8% and a standard deviation of 6%. Security D has an expected...