answer the two tabs in the excel spreadsheets then reupload.

Name: Date: Matching Referring to the items listed below, place the appropriate letter next to the corresponding description. a. b. c. d. e. Direct method Financing activities Indirect method Investing activities Cash flows from operating activities f. g. h. i. j. Noncash charges / expenses Noncash credits / revenues Operating activities Separate schedule Statement of cash flows k. l. m. n. 1. Generally include the cash effects of transactions and other events that net income. 2. 3. 4. Replaced by the statement of cash flows. Reports the flow of cash into and out of a business in a given period. Current assets minus current liabilities. tion. Statement of changes in financial position Working capital Cash flow margin ratio Cash flow per share of common stock outstanding ons and other events that enter into the determination of siness in a given period. Problem 1. Common-size percentages are often used to compare the statements of companies of unequal size. The condensed incom below. Enter in the spaces provided the amounts expressed in common-size percentages. Company A and Company B Income Statements for Year Ended December 31, 2007 Dollar Amounts Sales Cost of goods sold Gross margin Selling expenses Company A $450,000 261,000 $189,000 $81,000 Problem mpanies of unequal size. The condensed income statements of Companies A and B are given e percentages. pany A and Company B ts for Year Ended December 31, 2007 Dollar Amounts Company B $525,000 210,000 $315,000 $89,250