A review of the financial records of Stonehenge,Inc.for the current year revealed the following information:
Explain how each of the preceding items is presented in the cash flow statement,indirect method,or disclosed in the financial statements of Stonehenge,Inc.Indicate "not included" for any item that would not be reported or disclosed.Evaluate each item separately.

Question

A review of the financial records of Stonehenge,Inc.for the current year revealed the following information:
    Explain how each of the preceding items is presented in the cash flow statement,indirect method,or disclosed in the financial statements of Stonehenge,Inc.Indicate "not included" for any item that would not be reported or disclosed.Evaluate each item separately.

Quizplus · Accepted Answer

The Answer of A review of the financial records of Stonehenge,Inc.for the current year revealed the following information:
    Explain how each of the preceding items is presented in the cash flow statement,indirect method,or disclosed in the financial statements of Stonehenge,Inc.Indicate "not included" for any item that would not be reported or disclosed.Evaluate each item separately.

A Review of the Financial Records of Stonehenge,Inc