Shee October 31, 2020, and 2021 2021 2020 Assets Cash and cash equivalent 450,000 385,400 185,000 45,000 650,100 1,715,500 350,000 440,850 185,000 Accounts Receivable Inventory Prepaid expenses Equipment, net 410,100 1,385,950 Total Assets Liabilities Accounts payable 198,500 145,000 345,900 Accrued liabilities Bond payable Stockholders' Equity: 225,550 222,222 Common Stock 245,000 931,655 (150,555) 193,230 844,948 (100,000) Retained earnings Treasury stock Total liabilities and stockholders' eguity 1716 6 0

The comparative balance sheet and income statement of Sign Language Hearing Co Ltd, have just been prepared and presented to the owners by the company’s Accountant. The owners are concerned about the movement in the company’s cash and cash equivalent given that the balance sheet does not show or explain the reason or reasons why there was an increase or decrease in this area. The company uses the indirect method to prepare the statement of cash flows and it is expected that this should be able to provide the needed clarity required by the owners. The owners are requesting clarification and have put presented the following financial information.   In comparison to investing and financing activities, it is often said that cash from operating activities must be the main source of cash to achieve long term success of the company. Do you agree or disagree with this statement? Give reason or reasons to support your answer taking into consideration the possible consequences of the cash being…

View previous at Required information Assume a company prepares the statement of cash flows using the indirect method. The company purchases its Inventory on credit from suppliers. How should a decrease in accounts payable be reflected In the section that reconciles net income to cash flow from operating activitles? Multiple Choice It would be added if the section starts with net income and subtracted if it starts with a net loss It would be added in reconciling net income to cash flow from operafing activities It would be subtracted in reconciling net income to cash flow from operating activities A change in accounts payable does not affect the reconciliation of net income to cash flow from operating activities < Prev 15 of 15 Next Form 1040Sch...pdf 6 Form1040 Sch...pdf B1040 Sohedul...pdf Form8829 (1).pdf MacBook Air

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.