3)Cash Reconciliation -We are concerned with cash flows. Accrual-based accounting is not a reflection of cash inflows and outflows. We can, however, use accounting statements to extract the cash element of the accounting entries. We start with the Income Statement and use changes in Balance Sheet accounts to adjust for cash flows. Once we have calculated operating cash flow, we then consider other long-term sources changes on the Balance Sheet that affected cashsuch as acquisition/sale of fixed assets, sale/repurchase of common stock, dividend payments, issuance/repayment of debt, etc. When combined, we can reconcile the change in cash from $236,000 to $276,000

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Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.

Ernesto baca is employed by bigg company. he has a family membership in his company's health insurance program. the annual premium is $5,432. ernesto's employer pays 80% of the total cost. ernesto's contribution is deducted from his paycheck. what is his annual contribution? $1,086.40 $1,125.65 $1,527.98 $1,567.20 save and exit