You are watching: Which of the following is true for the statement of cash flows
1. Financial Statements and also ReportsSummarizes a company"s assets, liabilities, and also stockholders" equity at a particular suggest in time.
1. Financial Statements and also ReportsGives details around the company"s cash at the start of the year and also what is left at the finish of the year, including some details about wbelow cash was produced and also wbelow it was provided throughout the course of the year.
1. Financial Statements and ReportsReconciles (1) the amount of preserved earnings recorded at the start of the reporting period, (2) transforms during that period, and also (3) the amount of retained earnings at the end of the reporting period.
1. Financial Statements and ReportsAccounts for all earnings and expenses over an bookkeeping duration.
1. Financial Statements and also ReportsHow much cash is a firm generating with operating, investing, and financing activities?
1. Financial Statements and ReportsHow much debt and equity has the firm issued to finance its assets?
1. Financial Statements and also ReportsThe yearly report is very essential for investors, because the indevelopment included in the yearly report:
2. Balance SheetStatement #1: Cold Goose"s net repertoire of inventory items raised by more than the firm offered in between Years 1 and 2.This statement is ______, because:
correct, bereason full inventories of raw products, work-in-process, and final items enhanced from $2,178 million to $2,722 million between Year 1 and Year 2.
2. Balance SheetStatement #2: On December 31 of Year 2, Cold Goose Metal Works Inc. had $2,537 million of actual money that it might have actually invested automatically.This statement is _____, because:
true, because the funds tape-recorded in Cold Goose"s cash and equivalents account represents funds that are either cash or deserve to be converted into cash practically automatically.
2. Balance SheetStatement #3: If Cold Goose ever goes bankrupt, its prevalent stockholders will certainly be passist off initially, then its debt holders, and also desired stockholders.This statement is _____, because:
2. Balance SheetBased on your understanding of the different items reported on the balance sheet and also the indevelopment they administer, if everything else remains the same, then the cash and also equivalents item on the present balance sheet is likely to _____ if the firm worries $3 million of brand-new widespread stock.
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4. Cash FlowsA firm documents a decrease in its full raw products inventory from the previous year.
4. Cash FlowsGlobo-Chem Co. reported net sales of $700 million last year and created a net income of $154 million. Last year"s accounts receivable enhanced by $8 million. What is the maximum amount of cash that Globo-Chem Co. received from sales last year?