Business, 06.05.2020 06:19 Kimbeeeerly4569

How is the statement of cash flows connected to the balance sheet?

A. The statement of cash flows shows changes in the asset and liability accounts to explain cash from operating activities
B. The changes in all revenue and expense accounts are calculated and then listed as cash inflows or outflows
C. The changes in all of the balance sheet accounts are calculated and then listed as inflows or outflows, except for cash
D. Changes in asset accounts are recorded as operating activities, changes in liability accounts are recorded as financing activities and changes in equity accounts are recorded as investing activities.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:00, cameronbeaugh

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Answers: 1

continue

Business, 22.06.2019 11:00, nicko10

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

Answers: 1

continue

Business, 22.06.2019 12:30, sloane50

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)

Answers: 1

continue

Business, 22.06.2019 20:00, lusa0720

Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor

Answers: 3

continue

You know the right answer?

How is the statement of cash flows connected to the balance sheet?

A. The statement of c...