Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When calculating the grand total after year 1 on a cash flow statement, do you include the year before. Eg. cashflow at the start (Year
When calculating the grand total after year 1 on a cash flow statement, do you include the year before. Eg. cashflow at the start (Year 0) was -96716000. The cashflow after year 1 (independently) was 66574000. Would the grand total for year 1 be -96716000+66574000 = -30142000 or would it be just left at 66574000?
If it is the former would this then be ongoing? so Year 1 grand total would be -30142000 + Year 2 total 65864270 = 35722270?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started