Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 47% (23 reviews)
The advantage of the direct method is that it presents the major categories of c...View the full answer
Answered By
PU Student
cost accounting
financial accounting
auditing
internal control
business analyst
tax
i have 3 years experience in field of management & auditing in different multinational firms. i also have 16 months experience as an accountant in different international firms. secondary school certification.
higher secondary school certification.
bachelors in mathematics.
cost & management accountant
4.80+
4+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
Contrast the advantages and disadvantages of CASE tools. What should determine whether CASE is used?
-
Preparing a Statement of Cash Flows LAH Manufacturing Corporation is preparing the annual financial statements for the stockholders. A statement of cash flows must be prepared. The following data on...
-
the advantages and disadvantages of having a clan culture within an organization. As a manager, would this culture be hard for you to establish? Why?
-
Your input file contains sentences. A sentence contains words seperated with one space or more spaces. And a sentence ends with a "." Symbol. Write appropriate lex code to create desired outputs....
-
Suppose that A and B are events such that P(A) = 0.75 and P(A & B) = 0.25. Determine P(B | A).
-
Determine 0!, 1!, 3!, and 4!.
-
Explain the overall patterns of production strategies and their relationship to the environment.
-
On the basis of the following data, the general manager of Featherweight Shoes Inc. decided to discontinue Childrens Shoes because it reduced income from operations by $ 17,000. What is the flaw in...
-
On January 1, 2022, Cullumber Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 58,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common...
-
1. Did the standards result in safer and more effective firefighting crews, or were they inadvertently keeping women out of a traditionally male job? 2. Was this a BFOQ? The ministry was challenged...
-
Why is it necessary to use comparative balance sheets, a current income statement, and certain transaction data in preparing a statement of cash flows?
-
Describe the indirect method for determining net cash provided (used) by operating activities.
-
Describe what is meant by the statement, If youre not using estimates, youre not doing a valuation.
-
Nova Corporation just announced that it had a record year. Its earnings have increased nearly 10 percent. Explain how this announcement can lead to a decline in the price of Nova Corporations stock.
-
The investors in exercise 2 are surprised by firm Bs performance in year 5. Instead of being \($20\) million, the firms profits are \($40\) million. What happens to firm Bs stock price in years 6 and...
-
The price of a stock is determined by the demand for and supply of that stock. Both demand and supply depend on investors expectations of the future performancefuture economic profitsof the firm....
-
From 2000 to 2003, stock prices declined by about 33 percent. Explain why this occurred. If stock prices have been falling for a period of time, what would cause them to rise again?
-
Which would you expect bonds and stocks to be, substitutes or complements? Explain.
-
Check over each of the transactions described in sections 7.4.1 to 7.4.12. Make sure you understand each one. Using a pencil, tick each entry in Table 7.3 to check that you have understood the entry...
-
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
-
Which point lies on the graph of y = b x for all b?
-
At January 1, 2015, Bordeaux Inc. reported the following information on its statement of financial position: Accounts receivable ..................................... $480,000 Allowance for doubtful...
-
Presented here is selected information (in millions) from the most recent financial statements of Rogers Communications Inc. and Shaw Communications Inc.:...
-
The following selected ratios are available for Tianjin Inc. for the most recent three years: (a) Calculate the average collection period and days in inventory for each year. (b) Is Tianjin's...
-
John Adams plans to retire at the age of 62. He wants an annual income of $60,000 per year. John is currently 45 years of age. How much does he have to place at the beginning of each year into a...
-
Assume that four years and one month from today you plan to make the first of several annual withdrawals from an account. Your first withdrawal will equal $1000. You plan for these withdrawals to...
-
If I borrowed 15,000 in student loans at an annual interest of 7%. and then repay $1800 per year, then how long will it take me to repay the loan?
Study smarter with the SolutionInn App