I have an accounting test tomorrow and one of the questions on the study guide says to state the rules that apply when determining if something goes on the statement of cash flows and where it goes on the statement of cash flows. Currently I am having problems finding the answer, but when I do I’ll post the answer I find and compare it to the answers I get on here. Thanks.
Dude.
We can’t help with homework here.
:smack:
I don’t know if this is answering the question fully or not, but I just read the following in my lecture guide:
- Calculate net cash flow from operating activities.
- Calculate net cash flows from investing activities.
- Calculate cash flow from financing activities.
- Combine all three and determine net increase/decrease in cash flow.
*****For each period we want to know our net income; therefore we must zero the revenue and expense accounts. Revenue and expense accounts now become temporary/nominal accounts. The accounts of assets, liabilities, and equity accounts then become permanent accounts.
From what I can understand, I think that should be sufficient to answer the question; am I leaving anyting important out? Thanks.
220B and 220C inserted in the address wiill give you the next two review sheets.
The specific “rules” you are talking about do not sound like codified accountancy “rules”, but are something specific to the course the instructor has laid out previously. I suspect you will need your notes or book to properly answer this question.
I think you’ve answered your own question at this point.
saluki. As others have said, we don’t do homework.
Or Windows. (Except for xash 
)
Closed.
samclem GQ moderator