ACC 421 Course Great Wisdom / tutorialrank.com ACC 421 Course Great Wisdom / tutorialrank.com | Page 17

Question 1
The major classifications of activities reported in the statement of
cash flows are operating, investing, and financing.
Classify each of the transactions listed below as:
A comparative balance sheet for Shabbona Corporation is presented
below.
Question 2
A comparative balance sheet for Shabbona Corporation is presented
below
Question 3
Each of the following items must be considered in preparing a
statement of cash flows (indirect method) for Turbulent Indigo Inc.
for the year ended December 31, 2014. State
where each item is to be shown in the statement of cash flows, if at
all.
Question 4
Condensed financial data of Pat Metheny Company for 2014 and
2013 are presented below.
Question 5
Condensed financial data of Pat Metheny Company for 2014 and
2013 are presented below.
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