Accounting question! Please help! I'm doing an online interview!?
Accounting question! Please help! I'm doing an online interview!?
When a statement of cash flows is prepared, the sum of the three major components (operating activities, investing activities, financing activities) will add up to:
1. The ending cash balance 2. Net profit for the period 3. The ending working capital 4. The change in the cash account during the year 5. The opening cash balance
Thank you
Answers:
Chosen Answer
: Your answer is 1. but why don't you use google and who told you you are an accountant?
2006-10-01 05:35:53
: Your answer is 1. but why don't you use google and who told you you are an accountant?
2006-10-01 05:35:53
: Here's what I found:
Operating cash flow will include all the balance sheet accounts that are a part of normal operations. Trade receivables and payables as well as accrued expenses, prepaid expenses and other current assets that are a part of day-to-day operations are included in operating cash flow.
The remaining balance sheet accounts will either be investing activities or financing activities. Once again, you determine the change in each balance sheet account from the beginning of the period to the end of the period, tally them up, and there you have it -- a complete picture of the cash flow for your company.
2006-10-01 05:38:39
2006-10-01 05:38:39
: ONE
2006-10-05 02:26:19
2006-10-05 02:26:19