Valance & Company

Use the selected data from the balance sheet and cash flow statements for Valance & Company to answer the questions that follow

-Refer to the data for Valance & Company.

Required
(1)Give a possible explanation for each change in the liabilities listed in the cash flow statement.Do you think these changes are beneficial for Valance? Why or why not?
(2)If there were a balance in the Dividends Payable account at the end of the year,would this appear in the Operating Activities category of the cash flow statement? Why or why not?

Question

Valance & Company

Use the selected data from the balance sheet and cash flow statements for Valance & Company to answer the questions that follow

-Refer to the data for Valance & Company.
 
Required
(1)Give a possible explanation for each change in the liabilities listed in the cash flow statement.Do you think these changes are beneficial for Valance? Why or why not?
(2)If there were a balance in the Dividends Payable account at the end of the year,would this appear in the Operating Activities category of the cash flow statement? Why or why not?

Quizplus · Accepted Answer

The Answer of Valance & Company

Use the selected data from the balance sheet and cash flow statements for Valance & Company to answer the questions that follow

-Refer to the data for Valance & Company.
 
Required
(1)Give a possible explanation for each change in the liabilities listed in the cash flow statement.Do you think these changes are beneficial for Valance? Why or why not?
(2)If there were a balance in the Dividends Payable account at the end of the year,would this appear in the Operating Activities category of the cash flow statement? Why or why not?

Valance & Company Use the Selected Data from the Balance Sheet and Cash