Please answer clearly and thoroughly.1) What is the purpose of the Statement of Cash Flows? How can I tell if an account goes on this statement?2) Are the accounts DR or CR and Real or Nominal3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?
Please answer clearly and thoroughly.1) What is the purpose of the Statement of Cash Flows? How can I tell if an account goes on this statement?2) Are the accounts DR or CR and Real or Nominal3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 1Q: What function does the statement of cash flows serve, as one of the four basic financial statements?
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Please answer clearly and thoroughly.
1) What is the purpose of the Statement of
2) Are the accounts DR or CR and Real or Nominal
3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?
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