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CHAPTER 16 Learning Objective 2 S-F:16-9 Computing the change in cash; identifying non-cash transactions Jennifer's Wedding Shops earned net income of $27,000, which included
CHAPTER 16 Learning Objective 2 S-F:16-9 Computing the change in cash; identifying non-cash transactions Jennifer's Wedding Shops earned net income of $27,000, which included deprecia of $16,000. Jennifer's acquired a $119,000 building by borrowing $119,000 on a lo term note payable. Requirements 1. How much did Jennifer's cash balance increase or decrease during the year? 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Learning Obiective 3 SF.16.10 Com
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Answer 1 To determine how Jennifers cash balance changed during the year we need to consider the net ...
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
