Statement of Cash Flows - summarizing the operating, investing and financing activities of an entity; provides information about cash receipts and cash payments.
Operating Activities - cash flows derived primarily from the principal revenue producing activities of the entity; determination of net income or loss.
*Cash advances and loans made by a financial institutioh are usually classified as operating activities.
*Cash payments to settle obligations as trade accounts and notes payable, income tax payable, accrued expenses.
*interest paid and received.
*dividend received
Investing Activities - cash flows derived from the acquisition and disposal of long-term assets and other investments not included in cash equivalent; nonoperating assets.
Financing Activities - cash flows derived from the equity capital and borrowings of the entity; nontrade liabilities and equity.
*dividend paid
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Accounting
AcakThis book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're ju...
