ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
14th Edition
ISBN: 9781119709954
Author: Weygandt
Publisher: WILEY
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Required:
a. Calculate:
Cash receipts from customers.
Cash payments for operating expenses.
b. Prepare the operating activities section of the statement of cash flows for 2020.
Prepare the following financial reports for the month of January 2020:
a) Income Statement
b) Balance Sheet
c) Statement of Financial Position
d) Statement of Cash Flows
See the tabulation table.
Using the attached Comparative Balance sheet and Income statement:
Reconstruct the company’s comparative balance sheet for 2020/2021, compute and show the missing figures to include the appropriate sign as a positive or negative figure.
Prepare a complete statement of cash flows for 2021 using the indirect method.
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