Chart the statement of cash flows for Company S for 20X2.

Question

Total cash inflow in the operating section of the statementof cash flows should include which of the following?a. Cash received from customers at the point of sale.b. Cash collections from customer accounts receivable.c. Cash received in advance of revenue recognition(unearned revenue).d. All of the above.

Answer 1

Question

Chapter 14, Problem 22BEA

1.

To determine

Chart the statement of cash flows for Company S for 20X2.

2.

To determine

Explain the relationship between the statement of cash flows and the change in cash.

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Total cash inflow in the operating section of the statementof cash flows should include which of the following?a. Cash received from customers at the point of sale.b. Cash collections from customer accounts receivable.c. Cash received in advance of revenue recognition(unearned revenue).d. All of the above.

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