Some transactions that don't increase or decrease cash must be reported inconjunction with a statement of cash flows. What activity of this type did Targetreport during each of the three years presented? What are two other such. activitiesthat some companies might report?

B. TRUE OR FALSE. 1) T F 2) T F 3) T F 4) T F 5) 6) T F T F 7) T F Indicate whether each statement is true or false. Cash equivalents include short-term, highly liquid investments that mature in 6 months, such as T-Bills and T-Notes. The FASB prefers that the direct method of the statement of cash flows be used; but if used, a reconciliation of net income to cash provided by operations must also be included. If 5% of revenues are derived from a single customer, the company must disclose the total amount of revenues from each such customer. Although potentially helpful to financial statement readers, information about significant foreign sales of a multinational corporation does not have to be disclosed in the notes to the financial statements. Auditors rarely give unmodified (unqualified) audit opinions because the SEC will bar corporations receiving such opinions from selling their stock publicly. The direct method of cash flow statement is the most popular method used by corporations…

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

What is the difference between the Income Statement and the Cash Flow Statement?     There is no difference. They both show cash coming in and out of the firm.     The Income Statement is for a single point in time and the Cash Flow Statement covers a specific period of time     The Income Statement shows accrual basis Net Income and the Cash Flow Statement shows why the cash balance on the Balance Sheet changed between two Balance Sheet dates.     All of the above     None of the above