Statement of cash flows : This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. To prepare : Statement of cash flows of OT Service for the year ended November 30, 2016

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Answer 1

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Chapter 1, Problem 1.7APE

To determine

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To prepare: Statement of cash flows of OT Service for the year ended November 30, 2016

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Answer 2

Question

Chapter 1, Problem 1.7APE

To determine

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To prepare: Statement of cash flows of OT Service for the year ended November 30, 2016

Expert Solution & Answer

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Answer 3

Question

Chapter 1, Problem 1.7APE

To determine

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To prepare: Statement of cash flows of OT Service for the year ended November 30, 2016

Expert Solution & Answer

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Answer 4

Question

Chapter 1, Problem 1.7APE

To determine

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To prepare: Statement of cash flows of OT Service for the year ended November 30, 2016

Expert Solution & Answer

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Answer 5

Chapter 1, Problem 1.7APE

To determine

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To prepare: Statement of cash flows of OT Service for the year ended November 30, 2016

Answer 6

Chapter 1, Problem 1.7APE

To determine

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To prepare: Statement of cash flows of OT Service for the year ended November 30, 2016

Answer 7

Chapter 1, Problem 1.7APE

To determine

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To prepare: Statement of cash flows of OT Service for the year ended November 30, 2016

Answer 8

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Answer 9

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Answer 11

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Solution Summary: The author explains the statement of cash flows of OT Service for the year ended November 30, 2016 and the changes in cash balance due to operating, investing, and financing activities.

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