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Statement of Sources and Uses of Funds Use the balance sheets provided to create a Statement of Sources and Uses of Funds for Green Mountain
Statement of Sources and Uses of Funds Use the balance sheets provided to create a Statement of Sources and Uses of Funds for Green Mountain Coffee Roasters. Remember, the basic rules for creating a Statement of Sources and Uses are: A decrease in a liability or owners' equity account represents a use of funds, and an increase in these accounts represents a source of funds. A decrease in an asset account is a source of funds, while an increase is a use of funds. Changes in cash are ignored. Accounts with no change during the year are also ignored. HINT: The "Net Changes in Cash" as well as "Cash Balance Beginning of Year" and "Cash Balance End of Year" on the Statement of Sources and Uses should match the Cash line on the Balance Sheet. While doing the exercise, notice that when dragging selected items to the Statement of Sources and Uses of Funds below, only amounts under the "Change" column of the balance sheets will be transferred. GREEN MOUNTAIN COFFEE ROASTERS
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