To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to

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.
STATEMENT OF
CASH FLOWS METHOD
Cash Flows (and Related Changes) Direct Indirect
1. increase or decrease
2. Payments to employees
3. Cash collections from customers
4. 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

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...