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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 49
Statement of Cash Flows
On the basis of the information for Prestwick Company in Exercise 2.13, prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $7,200.
EXERCISE
Income Statement
An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015:
Prepare a revised income statement in accordance with generally accepted accounting principles.
On the basis of the information for Prestwick Company in Exercise 2.13, prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $7,200.
EXERCISE
Income Statement
An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015:
Prepare a revised income statement in accordance with generally accepted accounting principles.
Explanation
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Verified
Cash flow statement
Cash flow statement...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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