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Question - Write a 2-3 page paper that addresses the following:
Identify the purpose of the statement of cash flows.
Discuss the activity in the operating, investing, and financing sections of the statement of cash flows and include specific examples of activity in each section.
Identify and explain the two methods for preparing the statement of cash flows.
The Assignment is worth 15 points and will be graded on thoroughness of content, analysis, spelling, writing, and grammar. Please be sure that your paper cites any sources and is in proper APA format.
A company pays $650,000 for an ore deposit. The deposit is estimated to have 325,000 tons of ore that will be mined over the next 10 years.
We learned in class that confirmations in the area of accounts receivable provides the best evidence for the existence assertion. Is this stated in the standard and if so, where?
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During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.
What are the advantages and disadvantages in the implementation of SOX by private firms? Describe the following with good business practices.
On January 1, Father (Dave) loaned Daughter (Debra) $100000 to purchase a new car. There were no other loans outstanding between Dave and Debra. the relevant federal rate on interest was 6 percent. the loan was outstanding for the entire year.
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