Question
To compare statement of cash flow reporting under the direct and indirect methods, enter a check mark to indicate which items are used with each
To compare statement of cash flow reporting under the direct and indirect methods, enter a check mark to indicate which items are used with each method. Cash Flows Statement of Cash Flows Method (and related changes) Direct Indirect 1. Salaries payable increase or decrease 2. Payments to employees 3. Cash collections from customers 4. Prepaid rent increase or decrease 5. Payments to suppliers 6. Inventory increase or decrease 7. Utilities payable, increase or decrease 8. Depreciation expense 9. Net income 10. Cash flows from operating activities 11. Cash flows from investing activities 12. Cash flows from financing activities 13. Net increase or decrease in cash during the period
Show work. To compare statement of cash flow reporting under the direct and indirect methods, enter a check mark to indicate which items are used with each method. Statement of Cash Flows Method Cash Flows (and related Direct Indirect changes) 1. Salaries payable increase or decrease 2. Payments to employees 3. Cash collections from customers 4. Prepaid rent increase or decrease 5. Payments to suppliers 6. Inventory increase or decrease 7. Utilities payable, increase or decrease 8. Depreciation expense 9. Net income 10. Cash flows from operating activities 11. Cash flows from investing activities 12. Cash flows from financing activities 13. Net increase or decrease in cash during the periodStep by Step Solution
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