Statement of Cash Flows
Not what you're looking for?
The cash flow statement is an important, and often overlooked, financial statement. However, it can provide important data for use by internal organization management. By analyzing the balance sheet and income statement, the accountant can then prepare the statement and share the results with both internal and external users.
Use the Unit 3, Part 2 Template to determine the appropriate activity (operating, investing, or financing) for each transaction listed for Skylar Enterprises, Inc., and prepare the cash flow statement using the indirect method in good form for reporting. Data is provided in the Information worksheet in the template; complete the statement of cash flow in the Cash Flow Statement worksheet. Use the suggested materials in the Unit Resources if you need more information on preparing cash flow statements.
I do know that the change in cash is 51,000. And that the beginning period is suppose to be 12/21/12 with an ending period of 1/1/12.
Purchase this Solution
Solution Summary
This posting shows how to use indirect method to prepare a statement of cash flows based on the information given on balance sheet and income statement.
Solution Preview
The solution is attached. It is very important to use the 12/31/12 column as beginning balance and 1/1/12 column as ending beginning. I ...
Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media