Technology Solutions' format for the statement of cash flows was corrupted by a computer virus, as follows:
Question:
Technology Solutions' format for the statement of cash flows was corrupted by a computer virus, as follows:
TECHNOLOGY SOLUTIONS
Statement of Cash Flows
For the year ended December 31, 2012
Cash at the beginning of the period............................................................. $$$
Cash at the end of the period .....................................................................$$$
Net increase (decrease) in cash ..................................................................$$$
Cash Flows from Financing Activities
List of cash inflows and outflows from financing activities
Net cash flows from financing activities ...................................................$$$
Noncash Activities
List of noncash transactions ....................................................................$$$
Cash Flows from Investing Activities
List of cash inflows and outflows from investing activities
Net cash flows from investing activities ....................................................$$$
Cash Flows from Operating Activities
List of items adjusting net income to operating cash flows
Adjustments
Net income
Net cash flows from operating activities ...................................................$$$
Required:
Prepare a correct format for Technology Solutions to use in preparing the statement of cash flows.
Step by Step Answer:
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann