Needing help with three problems, three tabs on attachment.
Classification of Cash Flow Transactions
P 1 Analyze each transaction listed in the table that follows and place X's in the appropriate columns to indicate the transaction's classification and its effect on cash flows using the indirect method.
Statement of Cash Flows: Indirect Method
P 5 Wu Company's income statement for the year ended December 31, 2011, and its comparative balance sheets as of December 31, 2011 and 2010, are presented on the next page. During 2011, Wu Company engaged in these transactions:
Effects of Transactions on Ratios
P 5 Lim Corporation engaged in the transactions listed in the first column of the following table. Opposite each transaction is a ratio and space to indicate the effect of each transaction on the ratio.
Your tutorial is attached in excel with suggestions and an indirect cash flow statement constructed. Click in cells to see computations.